South East Asia Largest Online Travel Startup Aims To Issue 5 Million Payment Cards by 2025by Fintech News Singapore September 27, 2019
Traveloka and Indonesia’s Bank BRI entered into a partnership to launch PayLater Card. The card can be used in Indonesia and around the world for both online and offline transactions by leveraging the network of Visa.
Henry Hendrawan, President, Traveloka Group of Operations told Fintech News Singapore in a media statement that, through this partnership, they are attempting to solve the issue Indonesian consumers are forced to book their flights and hotels last minute due to lack of credit access typically provided via credit cards.
PayLater Card will provide users with a simple application and verification process that will only take a maximum of 1 day. The approval will be based on a proprietary credit assessment engine powered by Bank BRI and Traveloka after which, users will be able to activate and manage their PayLater Card directly from Traveloka application.
Apart from being able to buy all Traveloka products and services ranging from extensive travel and lifestyle tickets, enjoying Traveloka Eats and even purchasing insurance for themselves and their families, users will also be able to use the PayLater Card to do online and offline transactions in more than 53 million merchant locations worldwide that accept payment by Visa.
Henry added expressed his confidence that they will be able to collectively achieve the target of 5 million PayLater Cards by 2025.