Kredivo announces its collaboration with Baokim to integrate Buy Now Pay Later service into the holistic payment system Baokim Plus - which is specifically designed for SMEs, retail chains and business households. Through the partnership, millions of customers and merchants will gain benefits from instant point-of-sale financing enabled by Kredivo.
With the simplicity of just 2 clicks, customers will be able to checkout seamlessly via Kredivo and choose to repay in 30 days, 3, 6 or 12 months. In Indonesia, Kredivo has enabled 6 million users and more than 30,000+ merchants to get instant access to flexible and affordable credit. Merchants using Kredivo see 30-50 percent increase in the average order value and very high users retention.
Sharing about the strategic partnership with Baokim, Krishnadas, SVP Business Development of Kredivo, said, “We are delighted to shake hands with one of Vietnam’s top payment intermediaries like Baokim. Kredivo aims at solving customers’ needs to access fast and affordable credit while also supporting merchants in driving higher GMV (Gross Merchandise Value) growth. Both parties have a shared vision to disrupt the payment experience for Vietnamese customers and it also aligns with Baokim’s mission to bring simple payment solutions to the Vietnam market.”
Hoang The Thanh, CEO of Baokim, emphasized about bringing a simple payment method for Vietnamese people, “BaokimPlus is established just in time when there are significant transitions to online payment. With the purpose of helping Vietnamese people to have the simplest and most convenient payment experience, Baokim Plus strives for partnership with businesses, especially a reputable credit service provider like Kredivo, in order to perfect our payment system with simple operations. It only takes the customers 10 minutes to register and be able to purchase goods and pay later through Kredivo, which brings the best shopping experience to the end-users, maximizes revenue and volume for the merchants.”
