06 March 2024

Together with Bank BTPN, Indodana Multi Finance is Ready to Expand its Service

Jakarta, March 6, 2024 - In order to expand the range of services to its retail customers, PT Indodana Multi Finance (Indodana Finance) has signed a funding cooperation with PT Bank BTPN Tbk. (Bank BTPN). This collaboration aims to support the financial solution needs of underbanked communities in Indonesia by providing Indodana PayLater services that are easily accessible, practical, safe, and have obtained permission from the Financial Services Authority (OJK).


Director of PT Indodana Multi Finance, Iwan Dewanto, said that Indodana Finance collaborates with Bank BTPN to channel funds and benefit retail customers, including new users and loyal Indodana PayLater customers. Users can enjoy the convenience of quick, secure, collateral-free loan applications and light installments with tenors of up to 12 months in transactions.


"Through the funding cooperation with Bank BTPN, Indodana Finance is committed to providing financial solutions to the Indonesian community in meeting their needs through the Indodana PayLater financial product services, which are now available in more than 30,000 offline and online stores. It is hoped that this cooperation can also increase financial inclusion in Indonesia so that all citizens can enjoy easy, fast, and safe access to financial services," said Iwan.


On the distribution, Indodana Finance provides access to Indodana PayLater payment services for the public through collaborations with various popular merchants and offline and online outlets throughout Indonesia that can be accessed digitally. In addition, Indodana PayLater also collaborates within the Blibli & ecosystem, which can be utilized on the Blibli marketplace and the online travel agent. This digital fund distribution collaboration with Bank BTPN can provide easy and safe access to financial services for the public.


Nathan Christianto, Head of Wholesale, Commercial, and Transaction Banking at PT Bank BTPN Tbk, said, "The collaboration between Bank BTPN and Indodana Multi Finance is in line with Bank BTPN's vision to make a meaningful change to the lives of millions of people, especially with the support of digital technology. It is hoped that through this cooperation, both parties can contribute to accelerating financial inclusion in Indonesia digitally, especially for communities that Bank BTPN's support for Indodana Finance's financial services is expected to increase funding reach for users to meet their needs by distributing offline and online merchants across the archipelago. Some of the merchants that have collaborated with Indodana PayLater include Blibli,, Matahari, Alfamart, CGV, Charles & Keith, iBox, Digimap, Erafone, Electronic City, Garuda Indonesia, Informa, Fithub, FTL, Planet Gadget, and many more.

For further information please contact:


PT Bank BTPN Tbk
Andrie Darusman – Communications & Daya Head
Email: [email protected] or [email protected]


Bank BTPN in brief

PT Bank BTPN Tbk (Bank BTPN) is a foreign exchange bank and is a merger between PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) and PT Bank Sumitomo Mitsui Indonesia (SMBCI) in February 2019. Bank BTPN serves various segments in the banking industry, from retail to corporate customers, including retirees, micro-, small- and medium-sized enterprises (MSME) and productive underprivileged communities; the consuming class segment; and the corporate segment. Bank BTPN provides the services through business units, such as BTPN Sinaya—a business unit for wealth management, BTPN Purna Bakti—a business serving retirees, BTPN Micro Business—a business unit serving microbusinesses, BTPN Business Banking—a business serving small- and medium-sized enterprises, Jenius—a digital banking platform serving the consuming class segment, and the corporate business unit, which serves national, multinational, and Japanese companies. Bank BTPN also has a subsidiary, namely PT Bank BTPN Syariah Tbk, which focuses on serving productive underprivileged customers. Bank BTPN also regularly provides training sessions and information for customers through the Daya Program—a sustainable and measurable empowerment program—to improve customers’ capacity so they can grow and have a chance to live better.