Kredivo and VietCredit to become a Buy Now Pay Later service provider on Sendo, opening opportunity for millions of Vietnamese ecommerce customers to access fast and affordable credit in a matter of 2 clicks.
Kredivo, Indonesia’s leading digital credit platform and one of the most valuable fintech unicorn in Southeast Asia, operating in Vietnam in close partnership with VietCredit JSC, becomes Sendo’s official Buy Now Pay Later service provider partner, one of the leading ecommerce platforms of Vietnam, serving millions of customers and sellers in Vietnam every month. This partnership takes Kredivo to the next level in its journey of revolutionizing financial services in Vietnam.
With the simplicity of just 2-clicks, Sendo’s customers will be able to seamlessly checkout via Kredivo while allowing these customers to repay in 30 days at 0% or over 3, 6 and 12 months. During the registration process, customers can sign up through the mobile application, and get approval by VietCredit for a credit limit of up to 25 million in nearly real-time.
Krishnadas, SVP Business Development of Kredivo, said, “Kredivo aims at solving customers’ needs to access fast and affordable credit, while also supporting merchants in driving higher GMV (Gross Merchandise Value). We are delighted to partner with Sendo, one of the leading ecommerce sites in Vietnam.”
Ho Minh Tam, CEO of VietCredit Finance JSC, Kredivo’s strategic partner in Vietnam, shared, “BNPL is becoming a popular purchase method in Southeast Asia. For the domestic market, the low credit card ownership rate will open up many opportunities for VietCredit when participating in this market. VietCredit and Kredivo have strategically partnered with ecommerce platform Sendo to provide financing solutions for the customers, helping them to manage their personal finances when shopping online, and contributing to the development of the domestic ecommerce ecosystem. This is one of the strategies VietCredit has deployed to solve the needs of the underbanked, bringing Vietnamese consumers closer to an innovative financial trend, and optimizing the digital financial experience for customers in a seamless way; thereby enhancing VietCredit’s competitive advantage in the market.”
Nguyen Hoang Long, Marketplace Director of Sendo, also shared, “We are delighted to shake hands with a regional pioneer in Southeast Asia’s digital payment industry like Kredivo, as well as VietCredit, in order to offer millions of Vietnamese customers and merchants a convenient and affordable choice of payment method.”
Kredivo has been established in Vietnam since August 2021 through the partnership with VietCredit JSC, and gradually introduced various service packages to the market, including installment service for ecommerce purchases and personal loan. Kredivo actively partners with leading ecommerce platforms like Sendo, payment gateways and online retailers to realize the vision of creating admired financial services that impact and make the lives of millions in Vietnam better.