Akulaku PayLater (Philippines)
Akulaku Group, founded in Jakarta in 2014, is a technology-driven mobile finance platform with a large user population in Southeast Asia. It meets the financial needs of customers in emerging markets in Southeast Asia by providing e-commerce, consumer finance, digital banking, online investment, and insurance brokerage services.
Akulaku PayLater App, launched in 2016, is dedicated to providing installment loan services of virtual credit cards for people in Southeast Asia who do not own credit cards. Users can repay money through e-wallets, bank transfers, and more.
Properties
The following table lists the product properties supported by Akulaku:
Payment type | Alipay+ payment method | ||
Funding source | Credit | ||
Acquirer | AlipaySG, AlipayEU, AlipayUS, AlipayUK | Acquiring region | SG, AU, HK, US, EU, UK |
Payment flow | Redirect | Checkout Payment | ✔️ |
Buyer country/region | Philippines | Auto Debit | ❌ |
Funds deduction | Real-time | Refund | ✔️ |
Processing currency | PHP | Partial refund | ✔️ |
Refund period | 365 days | Chargeback/Dispute | ❌ |
| Minimum payment amount | 1,000 PHP | Maximum payment amount | 50,000 PHP |
User experience
The following figures show the journey of paying with Akulaku PayLater:
Figure 1. Payment process with Akulaku PayLater (app)
