PayMongo, Atome offers BNPL services to 10,000 Philippine merchants

This comes as the share of cash payments is expected to fall further by 2025.

PayMongo, a Manila-based online payment processing platform, has teamed up with Atome Philippines to expand its buy now, pay later (BNPL) network across the Philippines.

Through this partnership, PayMonto’s over 10,000 merchant network can now offer flexible deferred payment options with no additional annual or service fees.

The partnership comes following a report by FIS WorldPay that found that cash payments have fallen below 50% of point-of-sale (POS) share in 2021. It will further decline to less than a third of the share of the transaction value by 2025, according to FIS. At the same time, BNPL payments are expected to steadily grow in the Philippines.

READ MORE: Here’s how you build a successful Buy Now Pay Later platform: study

Anson’s, a home appliances and electronics store in the Philippines, is one of the merchants to first accept Atome payments via PayMongo. 

“Setting up Atome as a buy now, pay later option in our website was a quick and easy experience because PayMongo makes integration seamless,” said Kristoffer Cheng,  eCommerce and Digital Marketing Manager for Anson’s.

Follow the link for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Event News

Event News

BDO Capital Named as PH’s Corporate and Investment Bank of the Year for 5 Consecutive Years Co-Written / Partner
BDO Capital & Investment Corporation (BDO Capital) has been recognized as the country’s Corporate and Investment Bank of the year for the 5th straight year at the Asian Banking & Finance Awards. BDO Capital’s remarkable achievement is a testament to its consistent excellence in delivering best-in-class investment banking services across various product lines in the Philippine capital markets.