$1 Club, page-3561

Not long now by the sounds of it. IOU turnkey BNPL - like the sound of that ! I wonder who are these existing Enterprise customers that IOU's bnpl will be used to service the merchant network end users?

IOU's model of turnkey/White labeling bnpl is great! Can't see too many merchants in Malaysia will want to offer an entire banner of different company's BNPL options, like we see here in Oz. Here we got Afterpay, Zip, Openpay, Humm - there is only so many logos and options you can add to your payment checkout page until it becomes a turn-off.

More recently we have undertaken a comprehensive platform upgrade to enable new and existing enterprise customers to connect to end users directly online or in-store through their merchant distribution networks to access and operate our turnkey Buy Now Pay Later platform services.

Our platform upgrade and expansion includes new integrated API’s, Android and IOS Apps and web portals for payment gateways, merchants and consumers, enabling them to access our highly sophisticated best-in-class BNPL services. These include customer and merchant onboarding, API connection to multiple independent data points for e-KYC and credit scoring purposes, BNPL transaction processing including payment gateway and merchant modules for pre-authorisation payment processing, refund processing and settlement reconciliation.

Bill Payments

In addition to providing secure mobile banking services connecting banks and their customers, our IOUpay platform also connects billers and end-user customers enabling the purchase of utilities and other common household goods and services. These purchases and bill payments are primarily paid for using e-wallets and debit cards which are topped up by direct bank transfer for the banked and by over-the-counter cash top ups at convenience stores and merchants by the underbanked and unbanked.

Full Service Operator

More recently we have added new platform capabilities to process Buy Now Pay Later installments and consumer loan payments which are inextricably linked to our existing merchant, bank and end user customer communities. This is a natural extension of our product offering positioning IOUpay as a full service value-added purchase and payment processing operator.