JAKARTA, October 2, 2019 - Cashlez, a financial technology company in the field of payment receipt that has obtained a license from Bank Indonesia as a payment gateway, is now again showing its breakthrough by expanding the Kredivo payment receipt feature in the Cashlez application. Through this partnership, merchants registered with Cashlez will be able to receive digital credit payments, Kredivo. Kredivo itself is currently used by almost 1 million active users and continues to grow 20% month-on-month.
In its passion to encourage penetration of non-cash payments, Cashlez also strives to meet customer needs in transactions. Based on Bank Indonesia data, the number of outstanding credit cards as of the end of 2018 was 17.28 million cards, an increase of 0.2% on an annual basis (year-on-year / yoy), so that there are still many Indonesians who do not have credit cards, so Kredivo becomes one solution to meet the needs of customers who want to shop with a credit system with affordable interest but do not have a credit card.
Tan Leny Yonathan as Chief Revenue Officer (CRO) Cashlez said, "With the same commitment, we want businesses and consumers to feel the ease and benefits of this non-cash transaction. Business practitioners and consumers get facilities related to credit facilities that can increase AoV (average order value) and turnover for businesses and use of digital credit from Kredivo for consumers to make payments at Cashlez merchants. "
Kredivo became a strategic collaborative partner for Cashlez, considering that Kredivo products were very close to the community. This was demonstrated through the 2019 Customer Satisfaction Survey released by Kredivo in collaboration with International Data Corporation (IDC) which showed that 80 percent of 1,110 respondents chose Kredivo as the most popular payment method compared to bank transfers and credit cards.
Lily Suriani, General Manager of Kredivo said "We are very excited to welcome this partnership. Kredivo and Cashlez have the same vision to improve digital transactions and provide benefits for both the traders and buyers; merchants are able to track 100% of their payments digitally and users can access credit easily and quickly. "
Going forward, Cashlez will continue to improve its products and services and expand its network in achieving Cashlez’s mission to become ‘The best partner for banks / non-bank partners and the best payment solution for merchants’.