Indonesia set to be battleground for e-payment as Facebook, PayPal buy stakes in Gojek

The revenue opportunity of Indonesia's e-payment market was estimated to total US$10.4 billion last year. PHOTO: AFP
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JAKARTA - Indonesia is set to become a battleground for e-payment business in South-east Asia after Facebook and PayPal recently acquired stakes in Jakarta-based Gojek, a ride-hailing firm which arguably owns the country's largest digital payment company Gopay.

These United States giants may soon compete with Gojek's strongest rival, SoftBank-backed OVO, an affiliate of Grab.

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