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Provide buy now pay later options to your customers, Akulaku now available

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Online payments have grown tremendously in SEA as more businesses start to increase their online presence. In countries like Indonesia and the Philippines with low credit card penetration (2-3% of population), virtual accounts/ cash on delivery/ eWallets are still the pre-dominant payment methods. However, these methods are still cash based and require customers to have full value upfront to complete their purchases.

To solve that, buy now, pay later providers have emerged to give customers more flexible payment options. Buy now, pay later payment option helps merchants gain access to a bigger customer base by breaking down the barrier of high payment quantum to digestible installment repayments.

Xendit helps merchants get access to buy now, pay later providers quickly and reliably. Better still, Xendit PayLater product suite has now expanded to include Akulaku! With one integration, merchants can now get access to 2 of the most popular buy now, pay later payment method in Indonesia.

Enabling the buy now, pay later payment option helps our merchants gain access to a bigger customer base as it helps to break down the barrier of high payment quantum to digestible installment repayments. Merchants will not have to worry about repayments as they will get the entire payment amount upfront (our buy now, pay later partner will handle that with the customer). With these, merchant can potentially sell more and be confident that they will get their payments.

Akulaku on Xendit PayLater will be available on direct API and our hosted checkout page. It will be available on our plugins soon.

Xendit PayLater is ideal for

  • E-commerce business – Enable customers to purchase higher value items, while keeping repayment instalments affordable. 
  • Electronics and furniture – Usually being of a higher value, and purchased less frequently, enable consumers to select something they really like without being restricted by price tags and upfront payment. 
  • Education fees – Pay tuition and school fees over a period of time, so parents and caregivers have more flexibility in making payment
  • Merchants who want to enable Akulaku payment methods for their business

How does Xendit PayLater with Akulaku work?

Getting Started

Getting started is really easy. New customers would just need to sign up with the Xendit dashboard, and they can start testing our APIs immediately. Integration with Xendit’s PayLater can be performed with direct API and our hosted checkout page. It will also be available on our plugins soon.

Activation for Akulaku happens in 3 business days once approved. With a one time integration, merchants will get access to buy now, pay later payment options across the region, and new partners can be added with simple configuration changes.  

Get started fast with no set up or monthly fees. Find out more about Xendit, or sign up to try our dashboard today!

Learn more about payments in Indonesia

Understanding the opportunities and challenges of the local market is key to staging an effective entrance.

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Learn more about Indonesia’s digital economy

  • Indonesia has one of the fastest expanding digital economies in the SEA region with an annual growth rate of 40%
  • The country’s Internet economy is expected to reach $130 billion by 2025
  • By 2023, e-Wallet transaction value is estimated to reach $25 billion

Learn more about Philippines digital economy

  • During the pandemic, 52% of Filipinos shopped online for the first time. The Philippines internet economy is expected to grow at 30% and valued at US$28 billion by 2025.
  • Many consumers have since gone cashless and increased usage of digital payment methods — debit cards, mobile wallets, and bank transfers.