Before Using Paylater, Psychologists Emphasize The Importance Of Paying Attention To Mental Conditions

Illustration of paylater (Unsplash)

JAKARTA - Playing a solution financial service with easy, fast, and affordable access, Paylater in Indonesia is experiencing rapid growth. Financial Services Authority data shows Paylater financing by finance companies increased by 63.89% in October 2024 (YoY).

For this reason, it is important to increase user understanding in using Paylater in order to get optimal benefits. This time, Kredivo and clinical psychologists revealed the relationship between a healthy user's mental condition and the benefits of using Paylater, especially in the midst of the phenomenon of FOMO (Fear of Missing Out) feeling afraid of missing information, events, or experiences that are happening, YOLO (You Only Live Once) humans must enjoy life to the fullest because they only live once and have a lot of spending experienced by the younger generation.

Disya Arinda, M.Psi., Psychologist, Clinical Psychologist, said it is important for the public to understand that mental health is an inseparable aspect of healthy financial management, including when using Paylater. The use of Paylater can provide significant benefits and provide peace of mind if driven by positive motivation, such as managing cash flow or meeting important needs.

"On the other hand, if the motivation is triggered by FOMO or YOLO, the risk of anxiety and stress will also increase. Therefore, it is important for the public to maintain mental health, both before and after using Paylater, in order to avoid negative motivation and impacts in their use," he explained.

Clinical psychologists also explained that Paylater is not necessarily the cause of consumptive lifestyle phenomena in the younger generation.

Consumptive lifestyles and career spending are influenced by many factors, including the use of social media. Thus, without the presence of financial access such as Paylater, digital loans, or credit cards, this young generation can still live wasteful lives. The key is to thinksets in using money, so that Paylater is used according to its objectives, namely as a means of payment that supports financial management," said Disya.

As a financial solution, Paylater is here to answer the high demand for credit access in Indonesia. A survey conducted by Kredivo and Katadata Insight Center revealed that 68% of Paylater users had their first credit access from Paylater.

Indina Andamari, SVP Marketing & Communications Kredivo, said, "Through the ease of access to credit provided by Paylater, Kredivo is committed to empowering the community and realizing the company's mission to encourage sustainable economic growth. In addition, we are committed to ensuring the use of Paylater Kredivo remains healthy and has an optimal impact on users."