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Kredivo expands penetration into fashion retail sector in 2022

03 February 2022 10:33

JAKARTA - In order to facilitate the increasing demand for fashion. Kredivo, a digital-based payment platform “Buy Now, Pay Later” in Indonesia with a multi-finance license, announced another strategic partnership, this time Kredivo partnered with PT Mitra Adiperkasa, Tbk (MAPI), the number 1 lifestyle retail company in Indonesia. This partnership is expected to make it easier for the public to get quality products from world-class brands while maintaining cash flow

Kredivo's General Manager, Lily Suriani said, "Our internal data shows an increase in transaction value of more than 50% in the fashion category in 2021 when compared to 2020, this is because people are increasingly paying attention to their appearance because the majority have returned to their activities outside the home. This partnership with MAP is an important step to facilitate this and is our commitment to make it easier for users to shop at the best retailers and get all their quality needs with fast, easy and affordable payment alternatives. We are very excited to collaborate with MAP, the largest and number 1 lifestyle company in Indonesia, which has more than 2,600 outlets in 81 cities.”

Currently, Kredivo can be used as a payment method at several MAP fashion outlets such as Zara, Massimo Dutti, Bershka, Stradivarius, Pull&Bear, Lacoste, Cotton On, Mango, Calvin Klein, DKNY, Forever New, Pandora, Kipling, Swatch, Tissot, Tommy Hilfiger, Marks & Spencer, Sephora, Oysho, Rubi, Typo, Swarovski, Travelogue, Ben Sherman. In the future, Kredivo will expand its services by collaborating with more other MAP brands. The public can choose the desired product and checkout using Kredivo, then choose the desired payment tenor, namely 0% interest for payments within 30 days and 3 month installments, or 2.6% interest per month for 6 or 12 months installments. The public can also enjoy a cashback voucher promo worth IDR 100 thousand for transactions at MAP using Kredivo. (LM)

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