Traveloka Bank BRI Visa

Bank BRI and Traveloka to Launch PayLater Card

26 September 2019

Singapore, 26 September 2019 – PT Bank Rakyat Indonesia (Persero) Tbk. or Bank BRI, the leading consumer bank in Indonesia with the largest asset base, and Traveloka, the leading digital travel and lifestyle platform in Southeast Asia, today announced a collaboration to launch PayLater Card. The announcement of collaboration was witnessed by H.E. I Gede Ngurah Swajaya, Ambassador of Indonesia to Singapore, and Andrew Tan, Chief Financial Officer for Visa in Asia Pacific.

PayLater Card offers an innovative channel for credit access to the underbanked Indonesians, transforming user experience through end-to-end card management on Traveloka’s digital platform. The card can be used in Indonesia and around the world for both online and offline transactions by leveraging the network of Visa, the global payment technology company.

“As the bank with largest network supported by reliable digital platform, this collaboration will give added value to payment landscape for Indonesians. PayLater Card offers a new form of payment and provides unique experience to users, which will complement our unparalleled banking services. In addition, our collaboration with Traveloka as our longstanding strategic partner enabled us to create a comprehensive digital payment ecosystem. This co-branding partnership is also aligned with our credit card marketing strategy to enhance our customer base and market penetration among millennials. PayLater Card marks a new era of credit cardbusiness in Indonesia,” stated Handayani, Consumer Director, Bank BRI.

“We want to solve user pain points where currently many Indonesian consumers are forced to book their flights and hotels last minute due to lack of credit access typically provided via credit cards. Many of these users ended up paying higher last-minute prices or sometimes are unable to find the airline seat or hotel rooms they want. We couldn’t have hoped for a better partner to tackle this problem. BRI with its leading consumer banking position as well as its strong digital ambitions will allow us to scale the product and address millions of underbanked users in Indonesia,” said Henry Hendrawan, President, Traveloka Group of Operations.

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.”

About Traveloka

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

About Visa Inc.

Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages asecond. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit

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