Kredivo, the leading Paylater platform in Indonesia, continues to expand strategic partnerships with leading retail players in order to facilitate the rising demand for fashion and accessories. Today, Kredivo announces a partnership with PT Matahari Department Store Tbk (LPPF). Customers can use Kredivo at 139 Matahari outlets throughout Indonesia by selecting the desired payment tenor, Pay-in-30-Days and 3 month installments with 0% interest, or 2.6% per month for 6 or 12 month installments.
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General Manager of Kredivo Indonesia, Lily Suriani said, “We are excited about this collaboration. The partnership with Matahari is a strategic way for Kredivo to realize our vision to serve tens of millions of users in the next few years, which entails serving consumers across all categories, including gadgets, electronics, fashion, beauty, groceries, and lifestyle. We hope that with Kredivo being accepted in 139 Matahari outlets across Indonesia, it enables consumers to access high-quality fashion products in a fast, easy, and affordable manner, especially as the Eid al-Fitr celebration approaches.”
Terry O’Connor, CEO Matahari added, “Matahari continues to innovate in providing the convenience of shopping for high-quality fashion products in line with our vision to be a House of Specialists. We are delighted collaborate with Kredivo as part of the company’s strategic efforts to provide the easiest, affordable payment option to all of our loyal customers. We hope that this collaboration will help to facilitate the increasing demand for fashion products and the further development of the Indonesian fashion industry. We are always looking for the easiest way to create a feel good atmosphere for customers when shopping, such as this ease of payment collaboration.”
Kredivo is the leading digital credit platform in Indonesia that gives customers instant credit financing for ecommerce and offline purchases, and personal loans, based on real-time decisioning. Kredivo users can buy now and pay later with one of the lowest interest rates amongst digital credit providers in the country. Kredivo’s merchant partners benefit from instant point-of-sale financing, powered by its unique 2-click checkout. Kredivo is operated by FinAccel, a Singapore headquartered financial technology company, with a mission to make financial services fast, affordable and accessible. FinAccel is backed by leading investors such as Mirae Asset, Naver, Square Peg Capital, Telkom Indonesia and Jungle Ventures, among others. Kredivo is supervised by OJK’s multi-finance division in Indonesia