Alipay, China's leading third-party online payment solutionAlipay, China's leading third-party online payment solution

Akulaku PayLater

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

Acquirer

Alipay SG, Alipay EU, Alipay US, Alipay UK

Acquiring region

SG, AU, HK, US, EU, UK

Payment flow

Redirect

Checkout Payment

✔️

Buyer country/region

Indonesia, Philippines

Auto Debit

Funds deduction

Real-time

Refund

✔️

Processing currency

IDR, PHP

Partial refund

✔️

Refund period

365 days

Chargeback

Credit lower limit

1 IDR, 1,000 PHP

Credit upper limit

25,000,000 IDR, 50,000 PHP

User experience

The following flow chart shows the journey of paying with the Akulaku app:

image

Figure 1. Payment process with the Akulaku app