The bank has entered a 10-year multi-product strategic partnership with Buy Now Pay Later (BNPL) brand Atome to deliver a wide range of financial services to consumers and merchants across key markets in Asia.
The partnership, which aims to deliver mobile-first financial services for consumers across Asia, includes a planned $500 million financing to support Atome Financial to expand its regional ecosystem of merchants and customers.
The partnership will initially include BNPL services, targeting to roll out in Indonesia, Malaysia, Singapore and Vietnam in the next few months, and later expand to include digital lending products, according to an announcement on Wednesday.