SHAH ALAM, MALAYSIA – In a move set to reshape the financial technology landscape, Fiuu, Southeast Asia’s leading fintech platform, has announced its partnership with Visa to introduce Visa Instalment Solutions (VIS) across Malaysia, Singapore, and the Philippines. This innovative collaboration empowers businesses to offer flexible instalment options, seamlessly integrating with existing checkout systems.
Visa Instalment Solutions (VIS), a real-time, API-powered Buy Now Pay Later (BNPL) solution, sets a new standard in payment flexibility. By leveraging Visa’s extensive issuer network, Fiuu enables its merchants to accept instalment payments from participating issuers, providing consumers with unparalleled convenience and control over their finances.
A Game-Changer for Merchants and Consumers
Several prominent merchants, including Samsung, Electrolux, and BWL Group, have already adopted VIS through Fiuu. This wide adoption reflects a shared commitment to enhancing the shopping experience and offering flexible payment options.
“VIS represents a significant advancement in our commitment to innovation in payment solutions. Collaborating with Visa allows us to empower merchants and customers alike with flexible payment options, enhancing the overall shopping experience,” said Eng Sheng Guan, CEO of Fiuu.
Through VIS, merchants can streamline the purchasing journey, meeting the evolving expectations of today’s consumers.
Driving Innovation in Payments
Speaking on the partnership, Lim Gaik Lin, Head of Fintechs and Sellers, Visa Malaysia, remarked, “We are thrilled to announce our partnership with Fiuu to introduce Visa Instalment Solutions to more merchants across the region. As the demand for Buy Now Pay Later (BNPL) solutions continues to grow, it is essential to provide flexible payment options that cater to the evolving needs of our cardholders. This partnership will enable Fiuu’s merchants to offer a seamless and convenient instalment payment experience, empowering consumers to manage their finances more effectively. Together, we are committed to enhancing the shopping experience and driving innovation in the payments industry.”
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Revolutionizing Digital Payments in Southeast Asia
With a regional footprint and a commitment to innovation, Fiuu is revolutionizing payment experiences. By providing businesses with greater reach and flexibility, and consumers with enhanced control, the partnership marks a significant leap forward for Southeast Asia’s digital economy.
About Fiuu
Previously known as Razer Fintech, Fiuu is the financial technology division of Razer Inc. With a Total Payment Volume (TPV) exceeding $6.6 billion in FY2023, Fiuu stands as one of Southeast Asia’s largest payment processors. Its offerings include:
- Payment Services: Supporting over 110 payment methods across global and regional merchants.
- Reload Services: Managing Southeast Asia’s largest offline payment network with over 1 million acceptance points.
About Visa
Visa (NYSE: V) is a global leader in digital payments, connecting millions of consumers, merchants, and governments across 200+ countries. Visa drives innovation in secure, reliable payment solutions, uplifting individuals and economies worldwide.
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