Kredivo
Founded in 2016, Kredivo is headquartered in Jakarta, Indonesia, and focuses on providing local users with instant credit financing services at low-interest rates. Its parent company FinAccel, a fintech company based in Singapore, has been backed by a number of quality investors since its establishment.
Using a real-time decision system based on artificial intelligence, Kredivo allows users to complete their credit application and approval online in as little as two minutes. Furthermore, users enjoy a 30-day interest-free Buy Now Pay Later and various monthly installment credit services when shopping at partner merchants. The repayment can be completed through e-wallets, online banking, cash, and more.
Properties
The properties of the Kredivo payment method are shown in the following table:
Payment type | Alipay+ payment method | ||
Funding source | Credit | ||
Acquirer | AlipaySG, AlipayEU, AlipayUS, AlipayUK | Merchant entity location | SG, AU, HK, US, EU, UK |
Payment flow | Redirect | Refund | ✔️ |
Buyer country/region | Indonesia | Partial refund | ✔️ |
Processing currency | IDR | Chargeback/Dispute | ❌ |
| Minimum payment amount | Buy now pay later: 1 IDR | Refund period | None |
| Maximum payment amount | Buy now pay later: 3,500,000 IDR | Time to return the payment result | Real-time |
User experience
Note: The following payment flows on different terminals are reference only, and represent this payment method's flow on different terminal types. For supported merchants' terminal types, consult Antom Technical Support.
The following screenshot shows the journey of paying with Kredivo:
Figure 1. Payment process with Kredivo (app)
Note: After the payment is completed, the page will redirect to the merchant results page (P5 -> P6), which requires the user to manually switch back to the merchant app instead of automatic redirection.