In brief: Indonesian fintechs Kredivo and Moka facilitate offline transactions

Kredivo, a digital credit card for millennials in Indonesia, announced its partnership with Moka, a local digital point-of-sale company. Consumers can pay for offline purchases using Kredivo cards in retail stores equipped with Moka devices.

Source: Press release

The collaboration allows Kredivo users to transact at offline stores using its “buy now, pay later” services. Kredivo “can provide credit approval confirmation within minutes,” the company said in a statement.

“Consumers benefit from being able to use credit from Kredivo to shop at Moka merchants, while credit facilities can help businesses can increase average order value and merchant turnover,” said Haryanto Tanjo, Moka’s co-founder and CEO.

The tie-up with Moka is Kredivo’s second offline transaction partnership. The first was with Indonesian mobile phone chain store OkeShop.