6.1M KAI Access Users Can Now Pay Bills & Digital Products on The Go
Indonesia’s leading Open Finance platform Ayoconnect is announcing its strategic partnership with Indonesian Railways Company or KAI
Through this partnership, KAI integrates with Ayoconnect’s network to upgrade the KAI Access mobile app with 3 new features for its 6.1 million users
The partnership also enables KAI to expand their booking channels by tapping into Ayoconnect’s Open Finance network, which features 120 retail companies serving over a total of 50 million end customers
Open Finance fintech company Ayoconnect announced its strategic partnership with PT Kereta Api Indonesia (KAI). The partnership enables KAI to launch three new features in the KAI Access mobile app, which allow KAI Access’ users to buy cellular phone credits, internet data subscriptions, and electricity tokens directly through the app.
Through his official release, KAI's VP of Public Relations Joni Martinus said, "KAI is committed to innovate and adapt to improve our customers’ satisfaction. Through digital transformation, KAI will continue to strive to serve our customers faster and better.” Currently, KAI Access is used by 6,166,097 people, indicating a high interest in using digital technology to access public train services.
Chiragh Kirpalani, Founder and COO of Ayoconnect added, “It is such a pleasure to be able to work closely with KAI. Ayoconnect and KAI share the same belief, we believe that technology brings tremendous potential to extend the reach of public services to our entire population more quickly and sustainably. The new features in KAI Access are designed to support KAI’s customers and employees’ daily activities by building a seamless integration between digitized financial services and public transportation booking services.”
Founded in 2016, Ayoconnect is a financial technology company that builds an Open Finance ecosystem to accelerate financial inclusion in Indonesia. "The Open Finance ecosystem that Ayoconnect builds provides a cross-industry communication system with APIs. Our ecosystem integrates banks, e-commerce, minimarkets, mom-and-pop shops, individual agents, and digital wallets. Currently, the network hosts 120 retail partners serving more than 50 million end customers all over Indonesia. Our partners are thrilled to welcome KAI into our network,” Chiragh concluded.
Ayoconnect is Indonesia's largest API platform. It enables developers to choose from a wide range of financial white-label products on Ayoconnect’s API platform and quickly launch them to their users. Ayoconnect remains in the background, focused on building and operating the necessary infrastructure while allowing their clients to monetize and expand their business in a fast and massive way.
Founded in 2016, Ayoconnect’s API stack has seen rapid adoption. It is trusted by more than 1,000 Indonesian companies, including leading banks, retailers, e-commerce, fintech, and e-wallets such as Bank Mandiri, DANA, Indomaret, and Bukalapak. Ayoconnect’s APIs process more than 300 million API hits annually.
Ayoconnect has raised a total of USD 15 million (IDR 214.5 billion) from leading local and international institutional investors. Ayoconnect's Pre-Series B investors include BRI Ventures, Bank BRI's corporate venture capital unit; Indonesia’s AC Ventures, headed by Chairman of the Indonesian Fintech Association Pandu Sjahrir; Kakaku, a public company listed on the Tokyo Exchange (TYO); and Finch Capital among others. Ayoconnect continues expanding its ecosystem to accelerate financial inclusion and adoption of embedded finance throughout Indonesia.