Koko and LankaPay form strategic partnership

Koko, Sri Lanka’s pioneering Buy Now, Pay Later (BNPL) provider, has entered into a strategic partnership with JustPay by LankaPay, the country’s leading payment gateway, to make digital lending more accessible for Sri Lankans. This collaboration will enable Koko customers to seamlessly pay their interest-free installments through Koko directly from their bank accounts and reduce the reliance on debit or credit cards, effectively providing a more reliable and secure payment option for Koko users.

As Sri Lanka’s foremost BNPL platform, Koko empowers consumers by allowing them to shop now and pay in three easy, interest-free installments over a period of 60 days. BNPL is reshaping the way Sri Lankan consumers access goods and services by offering greater financial flexibility, increased purchasing power, and a more accessible credit alternative without traditional banking barriers. Through its user-friendly app, Koko ensures that thousands of Sri Lankans can shop with ease while maintaining control over their spending.

Speaking on the significance of the partnership and its impact on consumer convenience Michael Sathasivam, CEO of Koko | Daraz BNPL, said “As the market leader in Buy Now, Pay Later, Koko is dedicated to enhancing the payment experience for Sri Lankans. Our partnership with JustPay offers customers greater security, convenience, and flexibility by allowing them to manage their installments from any bank of their choice, while reducing over-dependence on cards.”