Singaporean marketplace Carousell Hong Kong is joining forces with Atome to provide a buy now, pay later service to its users.

Buyers can now take advantage of an installment plan by attaching their credit card, debit card or Apple Pay to their accounts. The service gives them the options to divide their bills into three interest-free payments.

In offering a pay later service Carousell is following an industry trend, most recently implemented by India’s Pine Labs, Singapore’s Fomo Pay and Malaysia’s PayHalal.

Carousell recently bought authenticated sneaker and streetwear marketplace Ox Street for an undisclosed sum. The acquisition underpins the Singaporean group’s strategic priority to accelerate classified growth in the region. Ox Street will continue to operate as its own brand.

The company raised $100 million in investment early this year to improve its transactional processes and authentication capabilities for higher-value products, including cars and luxury goods.

Print Friendly, PDF & Email

Related Articles