In just three months from its launch, MC Payment saw its BNPL transaction volume cross the $500,000 mark in February.

With about 100 retailers onboard, the Singapore Exchange-listed company is making strides despite being a late addition, launching its service only on Dec 1, 2020. “With the addition of BNPL transactions, the payment platform can offer a full suite of digital payment methods, including major debit and credit cards and local payment methods, such as GrabPay and PayNow”, says the company in a press release on April 13.

The company focuses on servicing merchants in the retail, transportation and food and beverage industries. “Our role is that of the payment gateway, so any financial risks, including payment defaults for BNPL transactions, will not be borne by MC Payment”, it adds.

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