---
title: IOUpay (ASX:IOU) surges after Payment Gateway agreements
description: IOUpay has taken a significant step in its plans for BNPL growth with two Payment Gateway partnerships and an agreement with one of Malaysia’s top banks.
---

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# [IOUpay (ASX:IOU) surges after Payment Gateway agreements](https://www.barclaypearce.com/blog/ioupay-surges-after-payment-gateway-agreements)

 Written by [Barclay Pearce Capital](https://www.barclaypearce.com/blog/author/barclay-pearce-capital) | Dec 15, 2020 5:02:55 AM

Our client [IOUpay](https://www.iou-pay.com/) provide fintech and digital commerce software and services in South East Asia (SEA) that enable our institutional customers to securely authenticate end-user customers and process banking, purchase and payment transactions. IOUpay has recently been featured in [an article by STOCKHEAD](https://stockhead.com.au/tech/ioupay-surges-following-payment-gateway-agreements/).

The article opens with a captivating statement; 

> *"Special Report: IOUpay has taken a significant step in its plans for BNPL growth with two Payment Gateway partnerships and an agreement with one of Malaysia’s top banks.*"

What partnerships and agreements you ask?

> "has signed Merchant Service Agreements with two prominent Payment Gateway providers in Malaysia, as well as one of Malaysia’s leading banks.
> 
> The bank, which is one of Malaysia’s largest commercial banks with over 7000 e-commerce merchants and 10,000+ in-store merchants, will enable IOUpay to effectively process BNPL payments as approved by Visa and Mastercard." 

The article further highlights that IOUpay has had a very active year;

> "2020 has been a big year for IOUpay. A restructure in July saw a shift in strategy, partnered with the renaming of the business from iSentric.
> 
> The rebranding was the final step in establishing a clear roadmap for growth, with a focus on fintech and an eye on the expanding e-commerce sector in South East Asia. Last month the company completed a $10m placement to fund its plans." 

IOUpay CEO, KL Khong says;

> “In a region with large under-banked populations and a systemic lack of consumer credit, this demand side growth presents the company with significant supply side upside.
> 
> IOUpay’s corporate customers are also indicating “strong consumer demand for BNPL services”, largely due to limitations in local consumer credit and a decline in credit card usage, he said.”

The article wrapped up by pointing out;

> "With over a third of the population of SEA un-banked and a 206% increase in the number of active ecommerce users since 2015, IOUpay has a distance to go in the market. The company has advised more BNPL plans are in the pipeline for Malaysia and Indonesia in FY21 and a rewards plan is set for Q2FY21."

Read the full STOCKHEAD article [here.](https://stockhead.com.au/tech/ioupay-surges-following-payment-gateway-agreements/)

Read the full ASX Announcement [here](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02322329-2A1270266?access_token=83ff96335c2d45a094df02a206a39ff4).

 

[View full post](https://www.barclaypearce.com/blog/ioupay-surges-after-payment-gateway-agreements)

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