News

Lending & Credit

Staff Reporter

, Indonesia

Published:

2 years ago

Standard Chartered Indonesia partners with digital credit platform Kredivo to offer Buy Now, Pay Later (BNPL) loans.

Standard Chartered partners with Kredivo to offer BNPL in Indonesia

Assets of fintech players in the country grew by more than IDR1t or by over $70m.

Standard Chartered Bank Indonesia has partnered with digital credit platform Kredivo to offer Buy Now, Pay Later (BNPL) loans to the mass market segment.

Customers can enjoy a fully digital onboarding and credit application process, with no face-to-face verification requirement, made possible through Kredivo’s retailer network and AI credit-scoring capabilities, mixed in with Standard Chartered’s 150 years of experience as a retail bank in Indonesia.

The partnership rides on the accelerating adoption of digital financial services in Indonesia. Data from Indonesia’s Financial Services Authority revealed that assets of fintech lending players grew from $229.2m (IDR3.25t) in July 2020 to $306.06m (IDR4.34t) in July this year, whilst outstanding loan channelling assets increased from $842m (IDR11.94t) to $1.7b (IDR24.22t) over the same period.

(US$1 = IDR14,180)

Follow the links for more news on

Standard Chartered

buy now pay later

Standard Chartered, Krevido partnerships

Also Read

Property malaise weighs on China and Korean banks

Superapps to help drive BNPL userbase to 670 million by 2028

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit