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Erajaya, ITOCHU and PayJoy Bring Next-Generation Smartphone Financing to Indonesian ConsumersJAKARTA, Indonesia, April 11, 2018 /CNW/ -- PT.Erajaya Swasembada Tbk, PT ITC Auto Multi Finance, a division of ITOCHU, and PayJoy have announced the launch of their next-generation smartphone financing in Indonesia. ITOCHU will use PayJoy's proprietary Checkout software platform to qualify and approve Indonesian customers for monthly payment plans in Erajaya's Erafone stores across Indonesia, requiring only a national ID, Facebook account and an active phone number. This new financing option represents a breakthrough in Indonesia, where according to the GSMA there are 1.4 mobile connections per adult, but less than half the adult population has a smartphone and credit card penetration is only 5 percent. This expansion of global connectivity and mobile internet adoption, otherwise known as Digital Inclusion, extends both economic and social benefits to unconnected populations, fueling a cycle that reduces poverty, improves infrastructure and services, and further increases internet access and usage. "Today's announcement with ITOCHU and Erajaya is another step towards fulfilling our mission to make smartphones accessible to more people," said PayJoy's CEO and co-founder, Doug Ricket. "Our technology enables distributors to offer installment financing options to customers who have no access to credit and may not be able to afford a smartphone. This deal will put the internet and all the tools smartphones offer in the hands of more people in Indonesia, enabling growth that comes with having a more connected population." Atsushi Hashimoto, General Manager of Communication & Mobile Buiness Dept. at ITOCHU, said, "We are pleased to be a part of this deal that will put more smartphones into more people's hands in Indonesia. ITOCHU is proud of the work we have done to create a more connected world and this is one more example of bringing together technology, distribution and capital to create a winning solution." The smartphone, with its improved availability and affordability, is quickly becoming a fundamental tool for accessing mobile internet, in developed and developing countries alike. The opportunity for companies in the mobile space to shape the future of this rapidly growing market – and the lives of consumers in Indonesia – is enormous. About PayJoy About ITOCHU About Erajaya
View original content with multimedia:http://www.prnewswire.com/news-releases/erajaya-itochu-and-payjoy-bring-next-generation-smartphone-financing-to-indonesian-consumers-300628656.html SOURCE PayJoy |