StanChart Partners with Atome Financial to Deliver Mobile-first Financial Services in Asia

Standard Chartered and Atome Financial have partnered to deliver mobile-first financial services to consumers and merchants across key markets in Asia.

Atome Financial is a business unit under Advance Intelligence Group. Standard Chartered is investing in Atome Financial, which operates Asia's largest buy now pay later platform, Atome, as well as digital lending platform Kredit Pintar in Indonesia. 

The partnership will initially include buy now pay later services, targeting to roll out in Indonesia, Malaysia, Singapore and Vietnam in the next few months, and later expand to include digital lending products. Standard Chartered plans to provide financing of USD500m and is committed to supporting Atome Financial's growth in the future. This funding will enable Atome Financial to grow and connect a wider ecosystem of merchants to a larger customer base, improving product access and financial inclusion for consumers across the region. At the same time, Atome Financial's customers will gain access to more innovative financial services, easily accessed via their mobile devices.

Judy Hsu, CEO, Consumer, Private and Business Banking, Standard Chartered Bank​, said: "This partnership with Atome Financial gives us the opportunity to be part of the rapidly growing digital consumer finance ecosystem and provides convenient and relevant digital financial products to complement and enrich clients' digital lives."

Jefferson Chen, Co-Founder, Group Chairman and CEO of Advance Intelligence Group, and CEO of Atome Financial, said: "We are excited to have the support and partnership of Standard Chartered in building towards our mission of using technology to help people advance towards a better life. By providing consumers with easier, simpler, and more convenient access to a full suite of digital-first financial services, we can accelerate broader financial inclusion across both developed and emerging markets in Asia."