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Flexiroam (ASX:FRX) - Managing Director, Jef Ong - The Market Herald
Managing Director, Jef Ong
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  • Flexiroam (FRX) has partnered with South East Asian company Split to offer its buy now, pay later service to customers
  • The Australian-based telco, Flexiroam, will incorporate Split as a Flexiroam Wallet payment option to provide a "budget-friendly" way to buy mobile data
  • Through the payment option, customers can pay for mobile data in up to three interest-free instalments without the need for a credit card
  • Flexiroam hopes to tap into the wider South East Asian market where it sees a need for credit-card-free BNPL options
  • The service will be promoted to both companies' customer networks and will be free for all Malaysian and Singaporean Flexiroam users
  • Flexiroam is in the green, up 7.84 per cent for 5.5 cents each

Flexiroam (FRX) has partnered with Split to offer their buy now, pay later (BNPL) service to Flexiroam customers.

A South East Asian fintech provider, Split allows businesses to offer interest-free BNPL payment to their customers in up to three instalments without the need for a credit card.

The Australian-based telco, Flexiroam, will incorporate Split as a Flexiroam Wallet payment option to provide a "budget-friendly" way to buy mobile data.

Flexiroam is hoping to tap into the wider South East Asian market, where roughly 27 per cent of the population don't have bank accounts and, therefore, need non-bank payment methods to purchase their products.

CEO Dylan Tan said the the deal with Split gives Flexiroam wider access to this underbanked market.

"The Split platform guarantees a transparent shopping experience without charging interest, late fees or other costs and customers have the option of making instalment payments without credit cards," he added.

Both companies will jointly promote the new service to their customers to increase Flexiroam’s BNPL transactions. Split will charge a transaction fee on sales generated via its payment portal.

The service will be free for all Malaysian and Singaporean Flexiroam users.

Flexiroam is in the green, up 7.84 per cent for 5.5 cents each at 3:45 pm AEDT.

FRX by the numbers
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