RECENT STORIES:

Addressing digital sovereignty in a data-driven world
The GrowHub Announces Expansion of Research & Development Team to ...
PayJoy Marks 10 Years and 15 Million Customers: Focused on Expanding R...
H World Group Releases 2024 Sustainability Report, Advancing Sustainab...
ThinkCyte Unveils MorphoScan Cloud: A Versatile Cloud-Based Platform f...
Aviva and FNZ unveil latest innovations to enhance adviser experience
LOGIN REGISTER
DigiconAsia
  • Features
    • Featured

      Illegal content streaming syndicates involve much deeper criminal activities than you think

      Illegal content streaming syndicates involve much deeper criminal activities than you think

      Monday, June 2, 2025, 1:48 PM Asia/Singapore | Features, Newsletter
    • Featured

      NRF 2025 APAC to showcase top innovations transforming regional retail

      NRF 2025 APAC to showcase top innovations transforming regional retail

      Friday, May 30, 2025, 11:58 AM Asia/Singapore | Features, Newsletter
    • Featured

      Surviving and thriving in the era of AI-driven automation

      Surviving and thriving in the era of AI-driven automation

      Thursday, May 29, 2025, 2:35 PM Asia/Singapore | Case Studies, Features, Newsletter
  • News
    • Featured

      AI model o3 defies shutdown commands autonomously, with code tampering

      AI model o3 defies shutdown commands autonomously, with code tampering

      Friday, May 30, 2025, 6:07 PM Asia/Singapore | News, Newsletter
    • Featured

      AI “inbreeding” crisis looms as their models spiral into irrelevance, warns expert  

      AI “inbreeding” crisis looms as their models spiral into irrelevance, warns expert  

      Friday, May 30, 2025, 2:45 PM Asia/Singapore | News, Newsletter
    • Featured

      Drone industry’s bold projections tempered by regulatory, technical, and public acceptance barriers

      Drone industry’s bold projections tempered by regulatory, technical, and public acceptance barriers

      Tuesday, May 27, 2025, 4:54 PM Asia/Singapore | News, Newsletter
  • Perspectives
  • Tips & Strategies
  • Whitepapers
  • Awards 2023
  • Directory
  • E-Learning

Select Page

Case StudiesDigital PaymentsNews

Amid looming global trade wars, Temu leverages digital agility to forestall challenges

By DigiconAsia Editors | Friday, February 28, 2025, 9:57 AM Asia/Singapore

Amid looming global trade wars, Temu leverages digital agility to forestall challenges

When global geopolitical conditions necessitate looming price increases across the board, e-commerce firms can leverage digitalization to help consumers cope…

According to some reports, nearly one  in two Malaysians shopped online in 2024, especially those in the age groups of 18–24 and 35–44 year olds. Fashion, accessories, electronics and homecare products were among the most popular categories.

The country’s Department of Statistics Malaysia has also reported that the Information and Communication Technology (ICT) and e-commerce sectors contributed RM427.7bn (US$96.6bn) to the national economy in 2023, a 3.9% growth from the year before.

In order to test out these trends, and to enable its Malaysian customers to enjoy interest-free instalment payment options when shopping for a wide range of products on its platform, an e-commerce firm has tapped on digital transformation to quickly link up with a supplier of digital financial services.

On 25 February 2025, an announcement was made that Chinese e-commerce firm Temu will be tapping into Malaysian consumers’ increased digital adoption and changing shopping habits by offering greater digital payment flexibilities and loyalty schemes.

According to its website information, in addition to its wide range of existing digital payment options such as PayPal, Venmo, Klarna pay in 4, and Afterpay, the e-commerce platform is adding Atome to its list of payment technology providers. This adds the following flexibilities to Malaysian consumers and in selected markets elsewhere:

  • Interest-free instalments for purchases split into three equal payments over three months (minimum order value: RM20)
  • Provisions for six- or 12- month instalment plans for larger purchases, with a processing fee payable
  • Linkages to credit and debit cards for automatic deductions of instalment payments

According to Andy Tan, Chief Commercial Officer, Atome Financial, offering more checkout payment options will provide Temu customers in Malaysia with “the choice, convenience and flexibility of how they want to shop and pay, significantly enhancing the consumer shopping experience.”

At the same time as the announcement about its payment options enhancement for the Malaysia market, Temu also announced it is opening up its platform to Canadian businesses amid the global threat of trade wars with the United States. Quick pivoting and digital agility can definitely go a long way in managing such geopolitical business risks.

Share:

PreviousThe state of extended reality: slow adoption despite high investments  
NextSeven considerations for healthcare CIOs to adopt Responsible AI in 2025

Related Posts

Global investment firm sets up digital pressure valve for wire payments resilience

Global investment firm sets up digital pressure valve for wire payments resilience

October 25, 2021

Were Single’s Day e-commerce numbers indicative of high inflation in SEA?

Were Single’s Day e-commerce numbers indicative of high inflation in SEA?

November 21, 2022

The world’s most valuable company could have made customers the most vulnerable

The world’s most valuable company could have made customers the most vulnerable

October 13, 2020

COVID-19 business continuity and cybersecurity: what we can learn from banks

COVID-19 business continuity and cybersecurity: what we can learn from banks

April 13, 2020

Leave a reply Cancel reply

You must be logged in to post a comment.

Awards Nomination Banner

gamification list

PARTICIPATE NOW

top placement

Whitepapers

  • Achieve Modernization Without the Complexity

    Achieve Modernization Without the Complexity

    Transforming IT infrastructure is crucial …Download Whitepaper
  • 5 Steps to Boost IT Infrastructure Reliability

    5 Steps to Boost IT Infrastructure Reliability

    In today's fast-evolving tech landscape, …Download Whitepaper
  • Simplify Payroll Setup for Your Small Business

    Simplify Payroll Setup for Your Small Business

    In our free guide, "How …Download Whitepaper
  • Overcoming the Challenges of Cost & Complexity in the Cloud-first Era.

    Overcoming the Challenges of Cost & Complexity in the Cloud-first Era.

    Download Whitepaper

Middle Placement

Case Studies

  • Tackling logistics and supply chain challenges with digitalization: Thanakorn Vegetable Oil Products

    Tackling logistics and supply chain challenges with digitalization: Thanakorn Vegetable Oil Products

    Implementing real-time shipment tracking, improved …Read More
  • Flying ahead with AI and automation

    Flying ahead with AI and automation

    Cathay scales up to meet …Read More
  • Surviving and thriving in the era of AI-driven automation

    Surviving and thriving in the era of AI-driven automation

    In the era of AI-driven …Read More
  • RHB Bank expands experience management for greater CX proficiency

    RHB Bank expands experience management for greater CX proficiency

    By analyzing customer experiences at …Read More

Bottom Sidebar

Other News

  • The GrowHub Announces Expansion of Research & Development Team to Accelerate AI Development and Capabilities

    June 4, 2025
    SINGAPORE, June 4, 2025 /PRNewswire/ …Read More »
  • PayJoy Marks 10 Years and 15 Million Customers: Focused on Expanding Responsible Financing in Emerging Markets

    June 4, 2025
    SAN FRANCISCO, June 4, 2025 …Read More »
  • H World Group Releases 2024 Sustainability Report, Advancing Sustainable Development through Service Innovation and Green Operations

    June 3, 2025
    SHANGHAI, June 3, 2025 /PRNewswire/ …Read More »
  • ThinkCyte Unveils MorphoScan Cloud: A Versatile Cloud-Based Platform for AI-Driven Cell Morphology Data Analysis

    June 3, 2025
    TOKYO, June 3, 2025 /PRNewswire/ …Read More »
  • Aviva and FNZ unveil latest innovations to enhance adviser experience

    June 3, 2025
    Aviva platform continues development of …Read More »
  • Our Brands
  • CybersecAsia
  • MartechAsia
  • Home
  • About Us
  • Contact Us
  • Sitemap
  • Privacy & Cookies
  • Terms of Use
  • Advertising & Reprint Policy
  • Media Kit
  • Subscribe
  • Manage Subscriptions
  • Newsletter

Copyright © 2025 DigiconAsia All Rights Reserved.