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View all search resultse-wallet
Opinion 6 years ago
PREMIUM
Brace yourselves, cross-border e-wallet is coming
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.
Business 6 years ago
PREMIUM
This eastern Indonesia city books highest growth in e-money transactions
The transaction volume for e-money, which ranges from debit cards and credit cards to other forms of e-money such as BCA Flazz and e-wallets Go-Pay and OVO, skyrocketed 204 percent from January to date in Makassar, higher than 89 percent in Yogyakarta and 75 percent in Jakarta, which rank second and third respectively in transaction volume.
