Jakarta, aktual.com – Standard Chartered and Kredit Pintar Indonesia (Kredit Pintar) today announced the launch of digital consumer loans through the Kredit Pintar fintech platform in Indonesia with a total limit of up to USD 70 million (IDR 1 trillion).
The announcement follows Standard Chartered’s global partnership with Atome Financial, announced in October 2021. Kredit Pintar is part of Atome Financials group companies in Indonesia. The global partnership outlined Standard Chartered’s commitment to disburse Rp 7.1 trillion (USD 500 million) of financing over 10 years through Atome Financial in several Asian markets including Indonesia, Malaysia, Singapore, and Vietnam. Indonesia is the first market to launch the partnership following the global announcement. The partnership also plays out the Bank’s commitment to grow via innovative digital partnerships.
Kredit Pintar is one of Indonesia’s leading digital lending platforms that is , registered and supervised by the Financial Services Authority, OJK. Kredit Pintar has been operating since 2017, and has over 10 million downloads and 4.4-star rating on Google Play Store. It has disbursed over USD 1.5 billion in loans to date, with nearly 1 in 2 consumers borrowing for the purpose of small business capital or education. Loan amounts range from USD 50 to 1,400, with loan tenures of up to 12 months.
Andrew Chia, Cluster CEO of Indonesia & ASEAN Market (Australia, Brunei and Philippines), Standard Chartered said, “Standard Chartered is proud to launch our digital partnership with Kredit Pintar, our second such partnership with fintech lenders in Indonesia. These partnerships underscore our commitment to increasing financial inclusion in Indonesia, while delivering greater convenience and efficiency in how we acquire and serve clients.”
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