As 2026 kicks off, Bank DBS Indonesia increases channeling financing to Kredivo to IDR 3 trillion | Bahasa

Indonesia, 28 Jan 2026 - Entering 2026, PT Bank DBS Indonesia expanded access to digital financing by increasing channeling financing for Kredivo to IDR 3 trillion as part of more than half a decade of long-term strategic collaboration and in line with efforts to strengthen retail credit growth amid rising market demand. Financial Services Authority (OJK) data also reveal that the Buy Now Pay Later (BNPL) online credit disbursed by finance companies in November 2025 grew 68.61% year-on-year (yoy) to IDR 11.24 trillion.

Since the collaboration began in 2020, the funding limit started as low as IDR 300 billion before gradually increasing over time to IDR 500 billion and then IDR 1 trillion in 2021, IDR 2 trillion in 2022, and finally IDR 3 trillion by the end of 2025. The surge demonstrates Kredivo’s consistent disbursement performance as well as the ever-growing market demand. As a trusted partner, the additional funding also supports Bank DBS Indonesia’s strategy to expand its retail credit ecosystem by providing adaptive financial solutions that deliver broad benefits to society.

Consumer Banking Director PT Bank DBS Indonesia Melfrida Gultom said, “For us, innovation is not just about technology but also a way to match people’s financial needs. Therefore, we are very enthusiastic about working with Kredivo, which has consistently expanded access to digital credit in Indonesia. Amid the acceleration of digital transformation in the financial sector, we want to support people so that they can ‘Live more, Bank less’ by ensuring that digital credit is not only easily accessible but also helps them manage their daily needs in a comfortable, flexible, and practical way.”

For Kredivo, this additional channeling financing will drive service expansion to more tier-2 and tier-3 cities—areas with significant growth potential that have historically had limited access to formal banking credit. At the same time, the 2024 Indonesia PayLater User Behavior Report shows that 53.6% of Kredivo users are from tier-2 and tier-3 cities, reflecting the high demand and adoption of digital credit services as an alternative financing option. The move is in alignment with the company’s vision to expand its reach to 20 million users across Indonesia in the coming years.

Co-Founder & President Director Kredivo Indonesia Umang Rustagi said, “We greatly appreciate Bank DBS Indonesia’s continued trust. We hope that the financing disbursed at the start of 2026 will provide the right boost as digital credit demand rises, especially in tier-2 and tier-3 cities with significant growth potential. With this financing support, we can accelerate our expansion and provide more inclusive credit access to millions of Indonesians.”

With greater financing, Kredivo will prioritise accessibility of easy, secure, and affordable loans for daily needs, healthcare, education, and productive needs of the general public. The collaboration between Bank DBS Indonesia and Kredivo that has been running for nearly six years demonstrates that partnerships between conventional banks and digital credit platforms play a strategic role in driving the growth of the digital economy. Through measured credit and continuous innovation, this partnership delivers tangible impact communities across different urban tiers and regions.



About DBS

DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 17 consecutive years from 2009 to 2025.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.

Established in 1989 as part of the Singapore-based DBS Group, PT Bank DBS Indonesia (Bank DBS Indonesia) is one of the banks with the longest history in Asia. Currently operating 1 Head Office, 13 Branch Offices, 16 Assistant Offices, 1 Functional Office and 3,011 active employees in 15 Major Cities in Indonesia, Bank DBS Indonesia provides comprehensive banking services that focus on the customer experience to 'Live more, Bank less'. We also see a purpose beyond banking and are committed to supporting our customers, employees, and the community towards a sustainable future.

PT Bank DBS Indonesia is licensed and supervised by The Indonesian Financial Services Authority (OJK), and an insured member of Indonesia Deposit Insurance Corporation (LPS).
DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by uplifting lives and livelihoods of those in need. It provides essential needs to the underprivileged, and fosters inclusion by equipping the underserved with financial and digital literacy skills. It also nurtures innovative social enterprises that create positive impact.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.