Mochtar Riady's Matahari Department Store Partnership With Kredivo, What Are The Benefits For Customers?

Matahari Department Store outlets. (Photo: Doc. Matahari Dept. Store)

JAKARTA - Facilitating the trend of increasing fashion demand, including during the Eid momentum, Kredivo announced its collaboration with the fashion retailer of conglomerate Mochtar Riady, PT Matahari Department Store Tbk (LPPF).

Through this partnership, consumers can shop using Kredivo at 139 Matahari outlets throughout Indonesia by choosing the desired payment tenor, namely 0 percent interest for payments within 30 days and 3 months installments, or 2.6 percent interest per month for 6 or 12 months installments. .

Kredivo, as a "Buy Now, Pay Later" digital-based payment platform in Indonesia with a multi-finance license, and Matahari as one of the largest retailers in the country believe this partnership will be able to drive the progress of the fashion industry which continues to contribute to growth in the retail sector.

"Matahari continues to innovate in providing the convenience of shopping for quality fashion products for all customers in line with our vision to become the House of Specialist. We warmly welcome our collaboration with Kredivo as one of the company's strategic steps to provide the best and affordable payment alternatives to all customers," said Matahari CEO Terry O'Connor in a written statement, quoted Wednesday, March 9.

"We hope that the presence of this collaboration can facilitate the increasing demand for fashion products and encourage the national fashion industry to stretch even further. However, we are always looking for alternatives to make it easier for customers to shop and create a comfortable atmosphere, one of which is through the presence of this payment collaboration," he added.

General Manager of Kredivo Indonesia, Lily Suriani, said that her party really welcomes this collaboration. The partnership with Matahari is a strategic step for Kredivo in realizing its commitment to serve tens of millions of users in the next few years, including serving consumers in all categories, from gadgets, electronics, fashion, beauty, groceries, to lifestyle.

"Through the presence of Paylater Kredivo at 139 Matahari outlets throughout Indonesia, we hope to make it easier for consumers to access to meet the need for quality fashion products, especially ahead of Eid," he said.

As part of the celebration of the collaboration with Matahari, Kredivo has prepared attractive promos for consumers when shopping at Matahari outlets. From March 1 to March 20, 2022, new Kredivo users get an immediate discount of IDR 100,000, and loyal Kredivo users get a discount of IDR 50,000 with a minimum transaction of IDR 500,000.