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Koko: Buy Now, Pay Later

Ever wanted to buy something in installments with your debit card? Here's how you can do it, with Koko!

Gavin Matthew
Gavin Matthew
4 min read
Koko: Buy Now, Pay Later

A phrase you often hear with shopping promotions through credit cards, is to shop now, and pay later by installments, with zero interest.

Technical aspects aside, for consumers who don't have or use credit cards, there hasn't been an approach to pursue purchases in installments. Folks with a debit card pay the total cost of their purchase at the point of sale.

This is where Koko comes in. A payment gateway produced by Daraz, Koko allows you to pay for something by splitting your payment into 3 installments, with no incurred interest. This is regardless of whether you would use a debit or credit card to make the purchase. As long as merchant offers Koko, you may proceed with your heart's content.

Koko / Video

Koko's Availability

Starting off fresh, Koko has quite an introduction of merchants already partnered with to offer the concept of "Buy Now, Pay Later".

Below is a category list of stores that has Koko currently integrated.

Koko / Fashion
Koko / Electronics
Koko / Lifestyle

For a more updated list, please refer to the website links below.

How Does Koko Work?

Quite simple as breaking it down into 3 steps.

Step 1 - Download the Koko App

Koko is currently available on both the App Store and Google Play.

‎Koko: Buy now pay later
Buy Now Pay Later with KokoWith Koko, you can shop at your favourite retailers and split the cost into 3 easy interest-free instalments. You can make instalment payments using your debit or credit card. Browse the latest stores and get all the shopping inspiration you need with your favourite bran…
Get Koko from the App Store
Koko: Buy Now Pay Later - Apps on Google Play
Buy Now Pay Later with KokoWith Koko, you can shop at your favourite retailers and split the cost into 3 easy interest-free instalments. You can make instalment payments using your debit or credit card. Browse the latest stores and get all the shopping inspiration you need with your favourite bran…
Get Koko from Google Play

Upon completing installation, you require to sign up for an account to avail the services of Koko.

Step 2 - Shop With a Merchant That Accepts Koko

Depending on merchant support, Koko is integrated onto the merchant's website, in-store purchases, or even offline transactions. This all depends on the merchant itself, who may offer one or multiple options.

Step 3 - Checkout with Koko

It's a matter of selecting Koko as the payment method, and then to continue with the app when making the initial purchase installment. If you're shopping in-store, simply scan the QR code using the Koko app and pay.

koko-web
Buy what you need today with your debit or credit card and pay later in 3 installments. No interest. Available at all of your favorite online and offline stores with the Koko app.

What is Koko's Spending Limit?

You are initially given a starting amount as to how much you are able to spend, and this is upon first sign-up.

Koko / Spending Limit

The Spending Limit is increased on how often you are paying your current installments on-time. You may also upload your documents (utility bill, monthly salary, etc.) to enhance your initial spending limit, all conditioned to verification approval.

Overall

The concept of Koko is welcoming, and should grab the attention of many consumers. As hands-on impression goes, paying with Koko worked as advertised. It would be interesting to see how the service diversifies in the long run, as more merchants sign-up for it.

Koko / Payment Screen & Purchases

The team at Koko has been quite responsive as well, in case if you do have any questions. I've dropped a few links below to know more about Koko.

— So give it a try, I'd say, and happy shopping!


DISCLAIMER: All images, videos, artwork and illustrations belong to the copyrighted owner. This post and it's contents are subjected to change and may/may not be updated based on the content specifics.

Last Revision: 06 September 2021

KokoPaymentAppFintechFinanceGateway

Gavin Matthew

I spend most days sipping coffee, having Spotify or a podcast in the background, just chilling away.