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View all search resultsThe program, called Forum Pengusaha Baik (Good Enterprises Forum), will see GoPay providing technology training with materials and assistance based on the three pillars of capital, sales and finance, said GoPay head of micro merchants Dewi Yulianti Rosa.
Most Indonesians still lack access to financial services, meaning that they do not have bank accounts and lack opportunity to engage in broader economic activities. According to the World Bank Global Findex in 2017, the unbanked population was about 50 percent. Therefore, there is still much to do.
Two popular companies from China, Alipay and WeChat Pay, have entered the market in Indonesia. Last year these two fintech firms went viral when national media reported that they could be used by Chinese tourists in Bali. This could have meant lost income for Indonesia as the transactions between tourists and merchants did not involve Indonesian institutions. To prevent loss, the government issued several regulations to anticipate the cross-border payment risks.
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