Traveloka Cooperates With Bank Jago, Owned By Conglomerates Jerry Ng And Patrick Walujo, To Expand Credit Distribution

Illustration. (Photo: Doc. Antara)

JAKARTA - Traveloka, the lifestyle superapp in Southeast Asia, collaborates with PT Bank Jago Tbk (ARTO) to expand credit distribution through one of the Traveloka Group's financial service products, Traveloka PayLater.

This partnership was marked by the signing of a symbolic collaboration between the CEO of Financial Services, Traveloka Group and President of PT Caturnusa Sejahtera Finance Doan Lingga with the Head of Partnership Lending Acquisition Bank Jago Michael Jermia Tjahjamulia.

CEO Financial Services Traveloka Group and President of PT Caturnusa Sejahtera Finance, Doan Lingga stated, since it was first launched in 2018, Traveloka PayLater has recorded growth of up to 10 times and is targeting underbanked people in Indonesia who have financial access constraints, especially in meeting various travel needs. and lifestyle.

Doan also expressed his optimism regarding the credit distribution partnership that was established with Bank Jago. This is because the partnership with Bank Jago has expanded lending opportunities to the underbanked community in Indonesia, especially Traveloka PayLater users who often have difficulty accessing finance to meet their travel and lifestyle needs.

"This is a manifestation of Traveloka's commitment to supporting the growth of national financial inclusion. Through this collaboration, we are optimistic that we can contribute to this and hope to increase the business value of both parties," said Doan in a written statement, Saturday, April 23.

Doan added, the development of the Traveloka PayLater payment method is not only seen from the number of consumer growth, but also through various other feature developments that make Traveloka PayLater more complete, such as; The Traveloka PayLater Card and the Traveloka PayLater Virtual Number are currently in demand by consumers.

"We are grateful for Bank Jago's support for Traveloka PayLater. In the future, we also hope to expand cooperation for other Bank Jago banking products and services in the future. We will also continue to be committed to developing Traveloka PayLater services, including opening opportunity to expand partnerships with other financial institutions," added Doan.

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Meanwhile, Director of Bank Jago (ARTO) Sonny Christian Joseph added, as a technology-based bank, Bank Jago believes collaboration and synergy with digital economy players, such as Traveloka, is the key in reaching new customers, especially people who need financial products and services that are affordable. easy and innovative as well as people who have not been touched by financial products and services (unbanked) as well as customers who still have difficulty getting access to finance (underbanked).

"The partnership with Traveloka PayLater shows Bank Jago's commitment to continue collaborating with the digital ecosystem. We hope that this collaboration with Traveloka, which is known as a lifestyle superapp in Southeast Asia, can reach a wider community and increase Bank Jago's business growth going forward," said Sonny.