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Kredivo teams up with Mastercard and BNI to launch “Infinite Card”

21 April 2022 14:48

JAKARTA - Kredivo, a leading digital credit platform for retail users in Indonesia today officially announced the launch of the Infinite Card, a virtual card that can be used for payments on all e-commerce and online platforms by simply entering a few card details/credentials. In collaboration with Mastercard, the world's leading payment and technology innovation pioneer and PT. Bank Negara Indonesia (Persero), Tbk. (BNI), one of the largest banks in Indonesia. This innovation allows users to transact using Kredivo limits across the Mastercard online merchant network. This also shows that Kredivo is a leading open-loop payment method that opens access to millions of Mastercard online merchants.

Umang Rustagi, CEO of Kredivo Indonesia said, “Kredivo is committed to providing fast, easy and secure access to financial services. Infinite Card, as the name suggests, will provide access to unlimited online transactions, anywhere and anytime practically and seamlessly, for our nearly 5 million users. This innovation also narrows the access gap between conventional credit card users and Kredivo users.”

The Infinite Card is connected to the user's Kredivo account, transactions made through the Infinite Card will be deducted from the Kredivo user limit which can reach 30 million rupiah. The interest charged in Infinite Card transactions is the same as the interest offered by Kredivo, which is 0% for 30 days & 3 months tenor and 2.6% interest per month for 6 & 12 month installments. Users can view Infinite Card transaction history in the Kredivo application. Infinite Card can be used on Gojek, Grab, Shopee, Traveloka and hundreds of other online platforms that provide credit card payments.

Currently, Infinite Card is only available for selected Kredivo users and in the future it will be available to all Kredivo users, visit https://kredivo.com/infinite-card for more information. (LM)

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