Quote from: peter0425 on September 07, 2025, 06:55:17 PM

Even if online gambling could significantly boost its earnings, Singapore-based financial technology (fintech) firm Atome stands firm on giving no platform to e-gamblers as it eyes growing its client base to more than two million by year-end.

Atome is a pay later card where they claim to help their customers to pay for what they need in their lives. Its CEO claims that there is no need to help people pay for gambling because it is not a necessity even though he knows that if he allows gambling to be part of their system, they will rake in huge profits.

Do you think they are making the right choice? Are they helping gamblers become more responsible or are they just missing out?

From the way you've described it, this is not a surprise at all because they are simply a lender and companies that give loans very often will not supply it for gambling purposes. Which makes sense because they need to get paid interest on their loans but if the person who borrowed it loses everything immediately, then they are less likely to pay it back. It's a simple business decision, when you assume that someone is borrowing money to gamble, they likely have an addiction that has overtaken everything else in life. They might struggle to hold a job, be depressed and may even file for bankruptcy in order to get out of the hole they dug. None of these things make for a good lending decision.