Kredivo
The Indonesian Buy now pay later (BNPL) market is expected to grow by 33% a year to a value of US$25 billion by 2028 (Research & Markets). Kredivo is one of Indonesia’s fastest-growing BNPL payment methods, catering to both banked and unbanked consumers. It provides instant credit financing for e-commerce and in-store purchases with one of the lowest interest rates in the country. Once registered for an account via the app, consumers pay easily with a unique 2-click checkout online.
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Get in touchWhy Kredivo
98% of Indonesians do not have a credit card. Kredivo is one of the payment services which makes it possible for these people to shop online (PPRO Almanac).
According to its latest results, Kredivo has 4 million customers: 50% of Indonesia’s BNPL market – who transact, on average, 25 times per year.
Kredivo reports that merchants who offer consumers a credit option have seen order values increase by at least 30%.
Specifications
Coverage
Currencies
Features
How it works
At checkout, the merchant can display either Kredivo or DOKU for the consumer to select
If DOKU is selected, the consumer redirects to a HPP (merchant white label option) before selecting Kredivo
The consumer redirects to a Kredivo HPP and selects their deferred payment plan
The consumer logs in to Kredivo using their phone number and account PIN
A one-time password is sent to the consumer to enter and click 'Pay'
Payment is con firmed