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. “We believe collectively we can achieve our target of 5 million PayLater Cards by 2025, considering the large target addressable market and increasing digital engagement of Indonesian users,” said Henry.
“Visa is proud to support the launch of the PayLater Card which provides a faster, more secure and more convenient payment option for Indonesians. Together with Bank BRI and Traveloka, we have the opportunity to transform the payment experience for frequent travelers, holidaymakers, and many of the region’s underbanked consumers,” said Andrew Tan, Chief Financial Officer, Visa Asia Pacific.
The Ambassador of the Republic of Indonesia to Singapore, H.E. Ngurah Swajaya, said, “We appreciate and fully support the partnership between these two leading Indonesian companies and a global payment major to create an innovative solution for Indonesians. We hope this partnership helps further cement our country’s position as the largest and most exciting digital economy in Southeast Asia.”
Traveloka is Southeast Asia’s leading digital travel and lifestyle platform enabling discovery and booking of transport, accommodation and lifestyle products. Traveloka’s comprehensive portfolio includes transport products such as flight tickets, bus, trains, car rental, airport transfer and it also has access to the largest accommodation inventory in Southeast Asia, including hotels, apartments, guest houses, homestays, resorts and villas offering one of the widest selections of accommodation and packages.
Traveloka is also a key player in the lifestyle segment offering reservation for attraction and activities, connectivity, as well as culinary directories. Traveloka offers more than 40 different local payment options for consumers in Indonesia, Thailand, Vietnam, Malaysia, Singapore, the Philippines and Australia, as well as customer service that can be contacted 24/7 in the local language. The Traveloka application has been downloaded more than 40 million times, making it the most popular travel and lifestyle application in the Southeast Asian region.
About Bank BRI
PT. Bank Rakyat Indonesia (Persero) Tbk. is one of the largest banks in Indonesia. In order to improve the quality of transaction services, Bank BRI continues to develop a network of working units both conventional and e-channel. Based on data as of the end of December 2018, Bank BRI has 9,647 conventional networks, consisting of 7,586 micro networks, including Teras BRI and Teras Mobil BRI, 964 Cash Offices, 609 Sub-Branch Offices, 468 Branch Offices, and 19 Regional Offices all of which are connected in real time online. To optimize the network and use of the latest technology to support the growth of the banking business, BRI launched the first and only Banking Satellite in the world, namely BRIsat on 18 June 2016 (Kourou time), in Kourou, French Guiana. To improve access and financial literacy, BRI has 401,550 BRILink agents and 3 Teras BRI Ships to reach remote islands area in Indonesia. For more information, visit www.bri.co.id.