Tag: Atome Card

Manila, Philippines – Digital financial services platform Atome has partnered with Mastercard to allow Atome card holders in the Philippines to convert their rewards points into gaming credits via the Mastercard Gamer Xchange (MGX). 

In this partnership, MGX will facilitate a convenient exchange to help gamers in the Philippines convert their rewards points into gaming credits across nearly 4000 game titles in a spend-and-earn exchange. 

Up until March, gaming enthusiasts using the Atome Card to shop can obtain as much as ₱2,000 worth of gaming credits. 

This partnership offer follows the recent upgrade of the Atome Card, which now allows Filipino consumers to shop and ‘buy now and pay later’ anywhere as long as Mastercard is accepted. 

Magic Tang, head of cards business at Atome, said, “We’ve seen a very strong take-up for the Atome Card, especially among digital-native Gen Z and millennial users in the Philippines, with one of the top use cases for the Atome Card being online purchases. We see a strong synergy in this partnership with Mastercard’s MGX platform as it provides Atome Card holders and gamers access to a wide range of gaming credit options.”

Also speaking on the partnership, Kaveri Khullar, senior vice president for consumer marketing and sponsorships at Mastercard, commented, “MGX bridges the world of rewards to the thriving global gaming community, offering an innovative and seamless redemption solution in a new category. From eSports viewers to console and smartphone gaming enthusiasts across a range of demographics, it opens new connections to the world’s fastest-expanding entertainment market.”

She added, “As the Philippine gaming market anticipates further growth in the next few years, this partnership with Atome is a fantastic example of how innovative payment experiences are evolving to connect consumers to their passions.”

Manila, Philippines – Buy now, pay later (BNPL) platform Atome has partnered with global financial services company Mastercard to launch the Atome Card in the Philippines, offering Filipino consumers a new way to pay with credit. 

The Atome Card provides cardholders with an Atome line of credit that can be used to pay online and in-store retailers by simply presenting their Atome Card during check-out. It offers no annual fees, sign-up fees or other hidden charges, easy application on mobile, payment flexibility, virtual or physical card can be used anywhere Mastercard is accepted, and easy view/manage of payment schedule.

At launch, consumers in the Philippines can register their interest for the Atome Card with one click, directly via the latest version of the Atome app, or via the Early Bird registration in the Atome website. Selected consumers from the Early Bird phase will receive an email inviting them to apply for the Atome Card.

Magic Tang, Atome’s payment partnerships director, commented, “The launch of the Atome Card marks an exciting new chapter for Atome, as it’s the first financial service we offer apart from Buy Now, Pay Later. With no annual fees and minimum income requirements, the Atome Card will give many underserved segments in the Philippines access to a flexible credit facility, the first such innovative solution across the region with more markets to come in the next few months.”

Meanwhile, Simon Calasanz, Mastercard’s country manager for the Philippines, said that Mastercard is delighted to partner with Atome on this innovative product that will contribute to building a cash-lite society and drive financial inclusivity by serving more than 70% of Filipinos who are unbanked or underbanked and do not qualify for credit cards.

“The Atome Card will enable cardholders with choice, control and flexibility to manage their finances and is available to use anywhere Mastercard is accepted. For merchants, this also means increased sales and better conversion rates, extending the benefits of digital commerce to more consumers and businesses in the Philippines,” he added.

In July 2022, Atome partnered with local-based online payment processing platform PayMongo to expand BNPL acceptance among merchants in the country. The partnership will enable PayMongo’s over 10,000 merchant network in the Philippines to offer their customers flexible deferred payment options, with no additional annual or service fees as an alternative checkout payment option.