Akulaku’s BNPL Solution Now Among Payment Methods Supported by Alipay+

Akulaku’s BNPL Solution Now Among Payment Methods Supported by Alipay+

by September 7, 2022

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.

Launched in 2016, 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.

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.

Fan Zhang

Fan Zhang

“This partnership will lead to a more advanced and convenient financial landscape for customers in Indonesia and throughout Southeast Asia.

 

Through Alipay+, we will quickly scale the pool of merchants accepting Akulaku PayLater, giving our consumers an enhanced user experience and improving the market competitiveness of BNPL products. The combined resources will reach underserved markets with immediate financial services, fostering growth within these regions across industries.”

said Fan Zhang, CFO of Akulaku.

Cheng Guoming

Cheng Guoming

“As a newly-emerged but rapidly adopted digital payment method, BNPL brings inclusive financial services to the underbanked communities.

 

We see BNPL an important part of the digital payment ecosystem, and are excited to reach this partnership with Akulaku PayLater to enable the communities in Indonesia and other potential markets to enjoy seamless and convenient cross-border payment services and enrich their daily lives through global shopping experience.”

said Cheng Guoming, General Manager, Global Partnerships at Alipay+.