Temu, the Chinese e-commerce platform that arrived in Malaysia two years ago, has announced a new partnership with Buy Now Pay Later company Atome. With the partnership, the platform now allows customers to make purchases using interest-free instalments.
Specifically, using Atome to pay for your Temu order will break it down into three monthly instalments by default. The former does also offer six-month and 12-month instalments with a 1.5% interest rate with select merchants, but it seems Temu is opting to not support the longer payment tenures at the moment.
From our testing, it does not seem to enforce a minimum order amount for you to pay using Atome instalments, but you do have to meet the platform’s RM20 minimum for checkouts. Interestingly, this was reduced from the initial RM45 minimum checkout requirement.
Aside from Temu, other Chinese e-commerce giants have also recently entered the Malaysian market. This includes JD.com and even Taobao, which made Malaysia and Singapore its first overseas markets to receive an English version of its online shopping platform.
