BRI and Traveloka Launch the “PayLater Card” Credit Card Product

Yesterday (26/9) Bank Rakyat Indonesia (BRI) and Traveloka announced a strategic partnership to launch a credit card PayLater Cards. The collaboration product will offer innovative solutions to increase access to financial products, including the application and verification process that only takes a maximum of 1 day – accessed through the Traveloka application. The cooperation signing ceremony was held in Singapore, also attended by CFO Visa Asia Pacific Andrew Tan.

Approval for registration is carried out through an efficient credit assessment process, developed with the BRI team and Traveloka. Using this card, users can purchase all Traveloka products and services. In addition, users can also use the PayLater Card to transact at merchant online and offline in over 53 million locations merchants worldwide that accept payments with Visa.

"The presence of the PayLater Card offers users a new payment scheme and a unique experience that further complements our banking services. Cooperation co-branding This is also in line with our credit card marketing strategy to increase customer base and market penetration in the millennial segment. PayLater Card marks a new era of credit card business in Indonesia," said BRI Consumer Director Handayani.

"We are optimistic that with this collaboration we will be able to achieve the target of 5 million PayLater Card users by 2025, given the large market potential and the high growth in the use of digital technology in Indonesia," said Traveloka President Group of Operations Henry Hendrawan.