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Facebook in talks to tie up with Indonesia's e-payment companies
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Facebook is fighting to get a slice of the pie in Indonesia's booming e-payment business.
PHOTO: REUTERS
Wahyudi Soeriaatmadja Indonesia Correspondent in Jakarta, Wahyudi Soeriaatmadja
Facebook is fighting to get a slice of the pie in Indonesia's booming e-payment business, whose revenue is expected to grow nine-fold in the next five years in the country of 270 million people.
It has approached existing digital payment companies to tie up with and compete with major rivals, including local players SoftBank-backed OVO and rival GoPay, owned by Jakarta-based ride hailing firm Gojek and backed by among others, Google and China's Tencent. OVO is an affiliate of Grab, Gojek's closest rival in Indonesia.
