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Daily Markup #575: Kredivo three-way partnership in Vietnam serves consumers & merchants alike with 2-click credit approval, and more from this week

Ching Yee Ho



Credit: Vietnam Economic News

Smart shopping for a better economy

  • Imagine shopping online and being able to make a purchase without cash or a card. Now imagine checking out in 2 clicks and at 0% interest for 30 days!
  • This is what 500-backed Buy Now, Pay Later platform Kredivo has been doing in Vietnam since August 2021 with local partner VietCredit. Now, Kredivo is available as a payment option on Sendo, one of the leading e-commerce platforms serving millions of customers and sellers in Vietnam every month.
  • Sendo’s customers can also take advantage of 3, 6, and 12 months repayment options, and get approval for a credit limit of up to over US$1,000.
  • This partnership aims to help consumers manage their personal finances when shopping online, and contribute to the development of Vietnam’s e-commerce ecosystem.
  • SVP Business Development Krishnadas said, “Kredivo aims at solving customers’ needs to access fast and affordable credit, while also supporting merchants in driving higher Gross Merchandise Value.”
  • Read the full story here.

Stories you may have missed this week:

Ching Yee Ho