• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Facebook in Talks with Three Indonesian Digital Fintech Companies for Mobile Payment Tie-Up
3 Indonesian Digital Fintech Companies are Collaborating With Facebook

Facebook in Talks with Three Indonesian Digital Fintech Companies for Mobile Payment Tie-Up

April 21, 2020 by Vaigha Varghese

On 20 April, Reuters reported that three Indonesian digital fintech companies are collaborating with Facebook Inc. to apply for regulatory approval to launch mobile payments in the country.

Indonesia, the fourth most populous country in the world, has 41 companies that have a Bank Indonesia e-wallet license and is also one of the largest Facebook and WhatsApp markets with millions of users. Indonesia’s payment market is expected to have a huge revenue potential-mainly contributed by e-wallets.

On 12 November 2019, Facebook announced its latest payment platform, saying it will be offering the service through Facebook, Messenger, Instagram, and WhatsApp. If approved, the proposal could be among the first such service under the unified payment service revealed by Facebook in November.

Filianingsih Hendarta, Bank Indonesia assistant governor who heads payment system policy, told Reuters the proposal was discussed with the nation’s central bank by several companies seeking approval. “So far no one submitted the formal application,”  “Some of them just came to discuss during the consultative meeting with BI.” She said Indonesian ride-hailing company Gojek’s GoPay, state-backed LinkAja and fintech start-up OVO are the three e-wallet operators.

Filianingsih Hendarta said that any joint venture contract between a payment company and an existing company with a Bank Indonesia license must obtain the regulator’s prior approval, adding that the party with the existing license must also file the request.

The company is hoping to win permission and introduce digital payments to more countries, a Facebook spokeswoman confirmed. She said digital payments would open up opportunities for growing businesses.“We are in conversations with partners in Indonesia, however, the discussions are ongoing and we do not have anything further to share at this stage,” she added.

As Reuters reported, OVO and Gojek declined to comment. LinkAja was not immediately available for comments.

Filed Under: News

Primary Sidebar

Recent Posts

  • TRON Founder’s Hong Kong Expansion Plan In Jeopardy? March 28, 2023
  • Binance’s New Blockchain Hub In Georgia: Web3 Education & Job Opportunities  March 28, 2023
  • Mike Novogratz Calls For Truce In Bitcoin Vs. Ethereum Rivalry: Making Love, Not War March 27, 2023
  • G7 To Stricter Crypto Regulations While U.S. Govt Faces Criticism For Missteps March 27, 2023
  • Shiba Inu (SHIB) And Theta Network (THETA) Seem Too Volatile To You? Meet Orbeon Protocol (ORBN)! March 27, 2023

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2023 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.