Philippine fintech startup PayMongo launches partnership with Atome

The partnership will enable the expansion of BNPL services on the payment platform.

Philippine-based fintech startup PayMongo has entered into a partnership with Atome, a leading buy now pay later brand in Asia.

Under the partnership, PayMongo’s more than 10,000 merchants in the Philippines will be able to offer its customers flexible deferred payment options, with no additional annual or service fees as an alternative checkout payment option.

The partnership will leverage the growing adoption of BNPL payments in the country, which recorded a compound annual growth rate of 50.9% from 2022 to 2028, according to Research and Markets.

Founded in 2019, PayMongo is one of the fastest-growing fintech companies in the Philippines. PayMongo offers a quick and fully-online onboarding process and seamless API integration with retail websites or apps, which allow them to accept digital payments such as credit and debit cards, online banking, e-wallets, and now buy now pay later, during checkout.