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OVO

Business 6 years ago

PREMIUM
Digital payments boost financial inclusion in 2019

As much as 82.7 percent of Indonesians are aware of e-wallet platforms, while 62.4 percent are aware of digital investment and 56.7 percent are aware of pay-later services, according to the study, which involved 1,500 respondents nationwide.

Business 6 years ago

PREMIUM
‘No more coins’: Micromerchants embrace cashless payments with direct assistance

The number of cashless transactions in Indonesia rose to over 2 billion in 2018, accounting for around 20 percent of the total 10 billion transactions in Southeast Asia.

Business 6 years ago

‘We keep burning money’: Lippo sells almost three quarters of its stake in OVO

Lippo Group founder Mochtar Riady said the company sold over 70 percent of its stake in digital financial services firm Visionet International (OVO), citing its high level of spending.

Business 6 years ago

Fintech payments triumph as GoPay, OVO dominate scene

Only 21.5 percent of Indonesians are aware of P2P lending, which is regarded by many as the driver of financial inclusion.

Business 6 years ago

OVO becomes Indonesia's fifth unicorn startup, Rudiantara says

Digital payment service OVO has become an Indonesian startup unicorn, as the company is now valued at more than US$1 billion, according to Communications and Information Minister Rudiantara.

Business 6 years ago

Ovo, Dana keep mum over merger rumor

The merger would give the Ovo-Dana duo heft in the country’s digital payment system sector and allow them to build dominance over homegrown ride-hailing platform Gojek’s own payment system, Go-Pay.

Business 6 years ago

Grab in talks to merge Indonesian payment firms to overtake Gojek: Sources

The plan points to intensifying competition in Indonesia’s digital payments industry that is seeking to piggyback on the country’s booming e-commerce market and its 260 million people.