An earned recognition as one of the highest quality apps that Kredivo has obtained through its rating, number of downloads, uniqueness, high-quality design and architecture standards
Jakarta, 6 November 2017 - Kredivo, a digital credit card pioneer is now the first Indonesian digital payments provider to become a ‘featured app’ on Google Play’s Indonesian home page. ‘Featuring’ on the Play store is Google’s official stamp of approval for the highest-quality apps, reserved for less than 1% of all Android apps. The Play store is Google’s official platform for searching and finding Android apps.
Kredivo was selected for a range of criteria that include:
- Rating: Kredivo is a top-rated app with a 4.4 average rating.
- Downloads: Kredivo has been downloaded more than 1 million times and is consistently in the top 10 most downloaded finance apps.
- Uniqueness: Due to the lack of credit card penetration in the market, Kredivo is filling a much-needed gap in the market.
- High-quality design and architecture standards: Kredivo uses Material design as a philosophy, has extremely low crash rates and is regularly updated with feature improvements.
“Being featured on the Google Play store really validates our vision of providing credit access to Indonesian customers in a fair, convenient and transparent way through a hi-quality and beautifully designed digital app. We thank the Google Play team for the recognition but more than anyone else, we are thankful to our loyal user-base without which this recognition would have never happened. To us, this recognition is a meaningful step towards closer cooperation with Google’s Android team for launching several more innovative and Android-centric products for Indonesia over the coming years,” said Akshay Garg, CEO of FinAccel, the parent company of Kredivo.
In less than 1.5 years since its launch, Kredivo has become one of the fastest growing and stickiest digital payment channels for ecommerce in Indonesia. Now live on more than 130 merchants, including six of the top 10, Kredivo is available to residents of Jabodetabek, Medan, Palembang, Semarang, Bandung, Surabaya and Denpasar who are at least 18 years old and earning an income. With an entirely digital application process that requires a user to upload KTP and connect a few digital accounts (Facebook, ecommerce and bank), Kredivo instantly approves users for credit limits of up to IDR 20 million over 12 months.
FinAccel is a financial technology company that leverages deep data analytics across users’ digital footprint to automate credit risk scoring and access to credit in Southeast Asia, the 7th largest economy in the world and home to nearly 10% of the world’s population. FinAccel’s flagship product, Kredivo “Buy now, Pay later”, enables ecommerce buyers to apply and qualify for instant credit and pay back over time. Merchants using Kredivo benefit from providing Point of Sale financing using a 2-click checkout to all eligible buyers. To know more about Kredivo and FinAccel, visit www.kredivo.com and www.finaccel.co.