JAKARTA -- Bank Mandiri launched Livin' Paylater with a limit of up to IDR 20 million without admin fees and is charged every month. This launch is an innovation in the development of progressive digital products and services for customers.

Director of Network and Retail Banking at Bank Mandiri, Aquarius Rudianto, said that Livin' Paylater provides added value to Bank Mandiri's variety of financial products and services that can be tailored to suit needs, especially for selected and eligible customers.

He said, Livin' Paylater is an alternative buy now pay later payment, which can be a solution for customers to manage cash flow including purchasing needed goods or services more practically.

The Livin' Paylater application process is very fast and easy. Within five minutes, selected customers can open the Livin' application and select Livin' Paylater on the front page. Next, customers only need to fill in their personal data and determine the payment source account and Livin' Paylater is ready to use.

Apart from that, said Aquarius, users can freely use the paylater because Livin' Paylater can be used at millions of QRIS merchants and dozens of partners to fulfill lifestyle needs using the Livin' Sukha feature.

Users also don't need to worry about being left behind when paying bills because Bank Mandiri's paylater service is equipped with an automatic debit system, which will deduct the balance in the account connected to Livin' Paylater.

Previously, Bank Mandiri also offered multipurpose loans which could be applied for easily and quickly via the Livin' by Mandiri application. Throughout 2023, there will be one million debtors who have applied for loans with total disbursement of more than IDR 5 trillion.