Fiuu partners Visa to transform instalment payments

Fiuu, Southeast Asia’s leading fintech platform, has partnered with Visa to introduce Visa Instalment Solutions (VIS), setting a new benchmark for instalment payment options in the region.

This collaboration offers businesses a seamless way to integrate Buy Now Pay Later (BNPL) capabilities into their checkout processes, enhancing customer experience and driving sales.

The partnership empowers Fiuu’s merchants to accept instalment payments from participating VIS issuers across Malaysia, Singapore, and the Philippines.

By leveraging Visa’s extensive network, Fiuu provides consumers with greater payment flexibility while broadening market opportunities for businesses.

Payment solutions with Visa Instalment Services

VIS, an issuer-led BNPL solution powered by real-time APIs, integrates directly with existing payment systems.

This innovative service allows merchants to provide instalment plans without requiring separate BNPL providers, simplifying the customer journey.

“Collaborating with Visa enables us to deliver innovative payment solutions that empower merchants and enhance the shopping experience for customers,” said Eng Sheng Guan, CEO of Fiuu.

“With VIS, we are helping businesses stay competitive while meeting the evolving demands of consumers.”

Leading brands like Samsung, Electrolux, and BWL Group have already adopted VIS through Fiuu, underscoring its potential to transform the regional retail landscape.

These integrations not only improve purchasing experiences but also cater to the rising demand for flexible payment methods in Southeast Asia.

Visa is equally optimistic about the partnership’s impact. “As the demand for BNPL grows, it’s crucial to provide payment options that adapt to our cardholders’ needs,” said Lim Gaik Lin, Head of Fintechs and Sellers at Visa Malaysia.

“This collaboration with Fiuu allows merchants to offer a seamless instalment payment experience, empowering consumers to manage their finances effectively.”

Fiuu: Redefining fintech in Southeast Asia

Formerly known as Razer Fintech, Fiuu has established itself as a powerhouse in the fintech sector.

Since its inception in 2018, the platform has become one of the largest offline-to-online (O2O) digital payment networks in emerging markets, processing over $6.6 billion in total payment volume in FY2023.

Fiuu’s offerings include payment processing services and reload solutions.

The payment gateway supports global card schemes and over 110 payment methods, while the reload network boasts over 1 million physical acceptance points across Southeast Asia.

These services cater to blue-chip merchants, facilitating online and offline transactions with unmatched efficiency.

With its robust digital infrastructure and strategic partnerships, Fiuu is revolutionising financial transactions in Southeast Asia.

The collaboration with Visa aligns with its mission to empower businesses with flexible solutions and deliver unparalleled convenience to consumers.

For more information, visit fiuu.com. Businesses interested in payment or reload services can email [email protected] or [email protected].