Kredivo PayLater Transactions Rise 27 Percent During Ramadan

Kredivo recorded a 27 percent increase in PayLater transaction volume during Ramadan and Eid 2026 compared to the same period the previous year. An increase also occurred in transaction value, which rose 26 percent compared to last year.

Kredivo also noted a shift in PayLater usage patterns, where the one-month tenor is increasingly dominant. “We see PayLater being utilised before payday and THR (Holiday Allowance), with the one-month tenor as the primary choice to keep spending in check, especially since Kredivo offers 0 percent interest and admin fees for this tenor,” said Senior Vice President of Marketing & Communications at Kredivo, Indina Andamari, in an official statement, quoted on Wednesday, 8 April 2026.

The average transaction value per user is in the range of Rp 800,000 to Rp 1.5 million, with an average of 4–5 transactions per user. According to Indina, this data shows that PayLater is not only for large-value transactions but also for recurring daily needs. This is also reflected in the 160 percent growth in transaction volume for the groceries category compared to Ramadan 2025.

The Financial Services Authority (OJK) recorded that Buy Now Pay Later (BNPL) financing by financing companies grew 53.53 percent year-on-year to Rp 12.59 trillion in February 2026. This position slowed compared to January, which grew 71.13 percent year-on-year. Meanwhile, the gross NPF (Non-Performing Loan) for BNPL was recorded at 2.79 percent, an increase from January’s 2.77 percent.

The Executive Head of Supervision for Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Service Institutions at OJK, Agusman, said that the distribution of BNPL financing by financing companies is expected to continue growing positively in 2026.

“This is driven, among other things, by the development of the digital ecosystem and the increasing need for flexible financing, especially from the productive age segment and people who have not yet accessed formal financial services,” he said in a written statement on Wednesday, 8 April 2026.