Atome Financials Singapore Pte. Ltd., operator of the eponymous “Buy Now Pay Later” (BNPL) brand in Southeast Asia, is seeing a conservative growth in the Philippines this year, after its total GMV has increased.
ATOME Financials Singapore Pte. Ltd., operator of the eponymous “Buy Now Pay Later” brand in Southeast Asia, is seeing a conservative growth in the Philippines this year, after its total gross merchandise value has increased by three ten-folds since its launch in late 2021.
“Due to macro external factors, we’re being a bit more cautious and aiming for steady, sustainable business growth versus all-out growth,” Nedil told the BusinessMirror. “Depending on merchant network expansion and take-up of our new products, e.g. [example given], Atome Card, multi-tenure launch, we are looking at between five to eight times growth.”
Atome, which is part of Singapore-based tech unicorn Advance Intelligence Group, started to operate locally in October of 2021. Since then, its retail network has grown by eight times, to include more than 1,500 online and offline retailers across fashion, beauty, travel, electronics and sports. Its total offline footprint has expanded to almost 7,000 brick-and-mortar stores nationwide.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nograles attends global government summit in SingaporeCivil Service Commission (CSC) Chairperson Karlo Nograles took part in the recent Global Government Summit (GGS), meeting with global senior government officials in the event held in Singapore.
Read more »
Filipino chef Johanne Siy wins Asia's Best Female Chef Award for 2023PHILIPPINES REPRESENT! 👩🍳🇵🇭 Filipino chef Johanne Siy, who helms Singapore’s Lolla, is Asia’s Best Female Chef of the year, as awarded by the Asia’s 50 Best Restaurants Academy.
Read more »
Filipina Johanne Siy named best Asia's Best Female Chef 2023Johanne Siy, the Filipino head chef of Lolla in Singapore, has been crowned Asia’s Best Female Chef 2023 by The World’s 50 Best Restaurants.
Read more »
Faster PHL growth likely if Marcos addresses gaps in agri, good governance - BusinessWorld OnlineTHE PHILIPPINE ECONOMY could grow by as much as 8-10% if the government can address the gaps in agriculture, investment, and good governance, according to economists. “If President Ferdinand R. Marcos, Jr. meets these three challenges, we will reach 8-10% growth in the next five years,” University of Asia and the Pacific (UA&P) Center for […]
Read more »
AirAsia PHL to resume flights to China | Lorenz S. MarasiganBudget carrier AirAsia Philippines will resume some of its services in China, as Beijing eased restrictions for business and other essential travel. AirAsia Philippines CEO Ricky Isla said between February and March, AirAsia Philippines is set to operate weekly flights to Guangzhou, Shenzhen, and the special administrative region of Macao.…
Read more »