Indodana and OK Bank strengthen Indodana Paylater's business
JAKARTA - PT Artha Dana Teknologi (Indodana) and PT Bank Oke Indonesia Tbk (OK Bank) inaugurated a strategic partnership in the form of channeling facilities for the development of Indodana PayLater's business in Indonesia. This good collaboration between fintech Indodana and banking strengthens the company's mission and commitment in an effort to accelerate the achievement of financial inclusion for all levels of Indonesian society.
Indodana PayLater is the leading buy now pay later (BNPL) digital payment solution in Indonesia that has been registered and has a business license from the Financial Services Authority (OJK). Through the Indodana application, users can get a Paylater limit of up to 25 million rupiah which can be used for online and offline shopping in more than 62 cities and 35 provinces in Indonesia.
Jerry Anson as Director of Indodana said “Starting this year, we are happy to have the trust and support from OK Bank. Indodana is committed to continuing to innovate in building digital payment solutions that make it easier for people to access loans quickly, safely and comfortably through the use of technology and big data. We will use this funding facility to strengthen and expand access to Indodana PayLater service distribution to further increase financial inclusion in Indonesia.”
The public can enjoy the convenience of shopping and paying without hassle with Indodana PayLater. Activation of Indodana PayLater in the Indodana application is easy and fast by using a cellphone number, filling in the necessary personal data, and completing supporting documents for a photo ID card and selfie photo with an ID card. After the account application is approved, the Indodana PayLater service can be used immediately.
Indodana PayLater can now be used for online and offline transactions. For online shopping, Indodana's partners include leading e-commerce companies in Indonesia such as Tokopedia, Blibli, Tiket.com, Bukalapak Partner, Elevenia, and iStyle. For offline, there are already more than 1,000 merchants and outlets that have become Indodana partners, such as Hypermart, Courts, Erafone, Hush Puppies, Puma, Polytron, Kalbe, Atria, and Hartono Elektronik. (LM)