- IOUpay’s (IOU) subsidiary goes live with its e-commerce payment platform in Malaysia
- IOUpay Asia entered a master merchant agreement with Simplepay Gateway on a non-exclusive basis for the acquisition of merchants wishing to offer their customers BNPL options
- As such, IOU PAY Asia’s myIOU buy-now-pay-later offering is now available to Malaysian merchants operating on the senangPay payments platform, Simplepay Gateway
- The contract has an initial one-year term, with IOUpay Asia holding the rights regarding the approval of merchants onboarded by Simplepay
- IOUpay is up 1.82 per cent, trading at 5.6 cents at 1:59 pm AEDT
IOUpay’s (IOU) subsidiary has gone live with its e-commerce payment platform in Malaysia.
IOU PAY Asia has announced its myIOU buy now, pay later (BNPL) offering is now available to Malaysian merchants operating on the senangPay payments platform, Simplepay Gateway.
This will allow the myIOU platform to become available to consumers transacting through those merchants.
IOUpay Asia entered a master merchant agreement with Simplepay Gateway on a non-exclusive basis for the acquisition of merchants wishing to offer their customers BNPL options.
Under the deal, Simplepay will be responsible for originating applications from merchants who wish to apply for the myIOU BNPL services.
Upon activation, Simplepay Gateway will ensure the myIOU logo and other branding materials are properly displayed at the merchants’ locations, websites, and platform.
The contract has an initial one-year term, with IOUpay Asia holding the rights regarding the approval of merchants onboarded by Simplepay.
IOUpay Managing Director Aaron Lee said the company is delighted to make available myIOU BNPL payment solutions to senangPay’s growing community of e-commerce merchants.
“Consistent with the company’s strategy to establish relationships with reputable partners who manage large communities of merchants and consumers, the agreement with Simplepay Gateway expands myIOU coverage of merchants for our existing customers and also introduces myIOU to many more potential new users,” he said.
IOUpay was up 1.82 per cent, trading at 5.6 cents at 1:59 pm AEDT.