FILE PHOTO: An employee of Traveloka works at the company's headquarters in Jakarta, Indonesia, August 2, 2017. REUTERS/Beawiharta/File Photo/File PhotoSINGAPORE: Traveloka, Southeast Asia's largest online travel startup, plans to launch financial services in Thailand and Vietnam as it eyes a US listing through a blank-cheque company, its president said.
"The plan is to invest in fintech in a big way to allow more consumers to travel in the region," Indra said, adding that the travel business had returned to profitability in late 2020.Traveloka, which says it has 40 million active monthly users, is developing"buy now, pay later" services for Thailand and Vietnam markets.
Traveloka's two-year old equivalent service in Indonesia, launched after the firm realised that customers would wait until their paydays to book travel, has already facilitated more than 6 million loans, Indra said.Last year, Traveloka launched"Paylater" credit cards with some Indonesian lenders. It also offers insurance and wealth management services.