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Indonesia’s Bank Mandiri, Alipay Set Up Cross Border e-Wallet

JAKARTA (TheInsiderStories) - State lender, PT Bank Mandiri Tbk (IDX: BMRI) joint with an electronic wallet from China, Alipay, set up a cross border...

LinkAja Will Focus into Public Service Markets to Avoid Discount Wars...

JAKARTA (TheInsiderStories) – LinkAja, an electronic payment service provider, will focus on public service markets, mainly in public transportation, toll roads as well as...

Indonesia’ TCash Officially Changes to LinkAja Today

JAKARTA (TheInsiderStories) – The Indonesian electronic money (e-money) service TCash officially changes to LinkAja, as an electric payment (e-payment) instrument belonging to the State-owned Bank Association...

Indonesia’s GO-PAY Transactions Reached US$6.3B in 2018

JAKARTA (TheInsiderStories) - Indonesian digital payment provider, GO-PAY usage transactions reached US$6.3 billion throughout 2018, said the company in official statement. The transaction was...

Indonesia’s Telkomsel, SOE Banks to Merges E-Money Card to LinkAja

JAKARTA (TheInsiderStories) - State-owned Bank Association and Indonesia' cellular operator PT Telekomunikasi Selular (Telkomsel) to launch a joint electronic money (e-money) called LinkAja on Feb, 21....

Toll Payment Supports Indonesia’s Electronic Money Transactions

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) noted the volume and value of electronic money transactions during January-September 2018 increased significantly compared to the same...

Wechat Pay, Alipay Enter Indonesian Market Through Local Bank

JAKARTA (TheInsiderStories) - Two major global digital payment platform players from China, Wechat Pay and Alipay  entered Indonesian market through state-owned lender PT Bank Negara...

Monetary Policy: How Payment Gateway Lowering The Country’s Transaction Fee

JAKARTA (TheInsiderStories) - Indonesian central bank (BI) hope with National Payment Gateway (NPG) all the payment transaction in the country more efficient with the interoperability of the...

A Cashless Society Benefits SMEs

JAKARTA (TheInsiderStories) - The Government has promoted non-cash payment to Small, Medium Enterprises (SMEs) by setting up a synergy between Bank Indonesia (BI), the Financial Service...

Disruption in Banking Industry: Non-Bank Electronic Wallets

JAKARTA (TheInsiderStories) - Financila technology (FinTech) startups in Indonesia have initiated a revolution in the way financial institutions, including banks, in the country are...

Has Indonesia Achieved Infrastructure Sufficient for e-Money?

JAKARTA (TheInsiderStories) - Indonesia, with its combined market potential factor and infrastructure availability factor, such as adaptive regulatory and ease of online payments and delivery, will...

When Payment Innovation Grows Faster than Regulations

JAKARTA (TheInsiderStories) - Indonesia, home of more than 250 million humans, matures with strong consumer power. Dominated by a millennial generation, Indonesia is now entering the...

Indonesia’s Long Journey To a ‘Cashless Society’

Jakarta (TheInsiderStories) - In recent years, Indonesia’s urban population has become accustomed to use non-cash payment instruments, such as credit cards, debit cards, ATM...