Indonesia

Alipay’s Indonesia Operations Delayed By Red Tape
Alipay’s Indonesia Operations Delayed By Red Tape
January 29, 2020  |  International

Indonesia’s central bank, Bank Indonesia (BI), has asked Chinese firm Alipay to review its payment services application. Officials in Indonesia’s House of Representatives confirmed the...

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SoftBank Could Invest $40B In New Indonesian Capital
SoftBank Could Invest $40B In New Indonesian Capital
January 17, 2020  |  Investments

While no figure has been suggested yet, SoftBank has reportedly offered to invest a maximum of $40 billion in a new capital city Indonesia intends to create...

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SoftBank To Invest In Indonesia’s Sustainable City
SoftBank To Invest In Indonesia’s Sustainable City
January 10, 2020  |  Investments

SoftBank Chief Executive and Founder Masayoshi Son wants to invest in the building of a $34 billion smart capital in Indonesia that would focus on...

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Top News In Payments: JPMorgan Blocks FinTechs From Passwords; Ant, Razer Join Rally For Singapore eBank Licenses
Top News In Payments: JPMorgan Blocks FinTechs From Passwords; Ant, Razer Join Rally For Singapore...
January 02, 2020  |  News

In today’s top payments news, JPMorgan blocks FinTechs from accessing customers’ passwords, and Ant Financial and Razer throw their hats into the ring for one...

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Indonesia Likely To Implement Flat Rates For Digital Wallet Payments
Indonesia Likely To Implement Flat Rates For Digital Wallet Payments
January 01, 2020  |  B2B Payments

Indonesia is planning to implement flat-rate fees for certain digital wallet transactions, Reuters reported on Monday (Dec. 30), citing five sources. Get the Full Story...

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Indonesia Reduces Import Tax Threshold To Protect Smaller Firms
Indonesia Reduces Import Tax Threshold To Protect Smaller Firms
December 23, 2019  |  International

Indonesia has announced it’s going to reduce the threshold for taxing imported eCommerce consumer goods from $75 to $3, to help control the purchases of...

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Gojek To Take Strategic Stake In Blue Bird Taxicab Company
Gojek To Take Strategic Stake In Blue Bird Taxicab Company
December 16, 2019  |  Partnerships / Acquisitions

Indonesian delivery app Gojek has announced it will buy 5 percent of taxicab company Blue Bird, in an effort to stay competitive with rivals like...

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Gojek Eyes Mobile POS Space With Pending Moka Acquisition
Gojek Eyes Mobile POS Space With Pending Moka Acquisition
December 11, 2019  |  Partnerships / Acquisitions

Indonesia’s ride-hailing giant Gojek is getting closer to finalizing a deal to purchase point-of-sale (POS) startup Moka for at least $120 million, Bloomberg reported, citing...

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eWallets Don’t Make Money, Says Mandiri Capital Chief
eWallets Don’t Make Money, Says Mandiri Capital Chief
November 27, 2019  |  Digital Payments

The CEO of PT Mandiri Capital Indonesia, the venture capital arm of PT Bank Mandiri, said the only way digital payment platforms can ever make...

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