Akulaku PayLater has already onboarded 4,000 merchants and aims to serve 10,000 online merchants and over 100,000 offline stores over the next two years.
The platform’s BNPL functionality provides individuals who have limited credit history with access to a convenient line of credit as well as manageable installment plans.
Alipay+, a suite of global cross-border digital payments and marketing solutions, has included Indonesian fintech Akulaku’s Buy Now Pay Later (BNPL) solution among its supported digital payment methods.
This partnership will allow Indonesian consumers to use the Akulaku PayLater solution at Alipay+’s global merchants.
Akulaku and Alipay+ are also exploring opportunities to further extend their partnership to other markets in Southeast Asia.
Introduced in 2020, Alipay+ is designed to enable global businesses, especially small and medium-sized businesses, to accept digital payment methods from various countries and reach regional and global consumers.
This partnership will lead to a more advanced and convenient financial landscape for customers in Indonesia and throughout Southeast Asia.