WhatsApp to launch mobile payments in Indonesia

August 21, 2019 | Payments
Written by FinTech Alliance

Tags

WhatsApp
WhatsApp to launch mobile payments in Indonesia

WhatsApp is reportedly in talks to launch mobile payments in Indonesia.

In Brief:

  • The Facebook-owned company is also launching a P2P payment platform in India.

  • In Indonesia, it will partner with existing local digital wallets instead due to regulations.

  • According to Reuters, the business is currently speaking to a number of digital payment firms in the hopes of making a deal.


What does this mean?

Indonesia’s epayment market is growing quickly, with the younger generation leapfrogging the likes of plastic and moving straight to technology. WhatsApp will be able to move quickly by partnering with an existing player to gain a slice of the action.

Read more here.

More in Payments

Evalon to acquire Sage Pay for $232mn
Payments
November 19, 2019

Evalon to acquire Sage Pay for $232mn

The payments division of Sage Group Plc is being acquired by Evalon, a subsidiary of Bancorp. In...

Nestlé trials facial payments
Payments
November 18, 2019

Nestlé trials facial payments

A Nestlé store in Spain is looking at the viability of payments using facial recognition....

Google Partners with Citi on Checking Account
Payments
November 13, 2019

Google Partners with Citi on Checking Account

Another Big Tech company joins the banking game In Brief: Google will partner Citi and a sm...

Payments
November 19, 2019

ISO 20022: Better data means better payments - Why correspondent banking needs ISO 20022 now

Correspondent banking payments have been a core component of transaction banking for decades, genera...

Payments
October 31, 2019

#payments insights. opinions.

The payments function — the operations and technology capabilities within banks and other fina...

Payments
October 17, 2019

Payments Infographic: Digital Disruption comes to the Corporate Treasury

This report is based on a simple hypothesis: that the growing expectations of corporate treasurers h...

From Libra to Central Bank Digital Currency - Future of Cryptocurrencies

From Libra to Central Bank Digital Currency - Future of Cryptocurrencies

When: Nov 25th, 2019
Where: UCL Faculty of Laws, London , GB
Price: FREE
The Payments Clinic : Beyond PSD2, Open Banking and SCA

The Payments Clinic : Beyond PSD2, Open Banking and SCA

When: Nov 27th, 2019
Where: Paddington Works, London
Price: FREE
Escrow, flexibility of payments and network effects

Escrow, flexibility of payments and network effects

When: Jan 28th, 2020
Where: Rise London, London
Price: FREE