PayLater is a type of digital financing service for consumers. With this service, consumers can purchase a product and then pay for it within 30 days or in installments over a specific period.
What PayLater services are popular among Indonesian consumers?
According to a Populix report titled *Unveiling Indonesia's Financial Evolution: Fintech Lending & Paylater Adoption*, October 2023 edition, the PayLater service with the highest brand awareness is Shopee PayLater.
This brand is known by 89% of respondents, the highest compared to other PayLater services.
Besides being the most popular, Shopee PayLater is also the most widely used. Of the 45% of respondents who admitted to having used PayLater, 77% stated they had used Shopee PayLater.
In second place is GoPay Later, recognized by 50% of respondents, followed by Kredivo at 38%, and Akulaku PayLater at 36%.
Meanwhile, respondents who know Traveloka PayLater, Home Credit, Indodana PayLater, Atome, and others have a smaller proportion, as shown in the graph.
This survey was conducted from September 15-18, 2023, involving 1,017 respondents spread across Indonesia.
The majority of respondents were from Java (79%), followed by Sumatra (12%), and other islands (9%). By age, respondents were dominated by the 17-25 age group (55%) and the 26-35 age group (31%).
This survey on PayLater service brand awareness involved 555 respondents who had used PayLater.