![]() ![]() Tokopedia is finalising its own merger with Grab rival Gojek to form GoTo.Īs regulations require Indonesian firms to own stakes in only one e-wallet at a time, the deal is expected to clear the way for GoTo's merger. Half of the country's population of 270 million lack bank accounts but most now have mobile phones. Indonesia's booming digital economy is expected to grow to $124 billion by 2025, according to a 2020 study by Google, Temasek Holdings and Bain & Company. As of 2019, it was valued at $2.9 billion and had been downloaded more than 100 million times. OVO is one of Indonesia's biggest e-wallets. We're working in close consultation with the regulators to complete the ownership restructuring process," OVO said in a statement. "We welcome a greater commitment from Grab in OVO. Sinagpore-based Grab's stake will expand from 39% currently, according to a regulatory filing submitted to Indonesian authorities, in what is the first phase of its restructuring. Three sources with knowledge of the deal told Reuters that Grab had purchased the stakes of Indonesian conglomerate Lippo, which launched OVO, and e-commerce platform Tokopedia. Mastercard is a registered trademark of Mastercard International. The Paysafe logo is a registered trademark in the United States.SINGAPORE, Oct 4 (Reuters) - Southeast Asian ride-hailing and payments firm Grab will more than double its stake in Indonesian e-wallet OVO to 90%, the Indonesian firm said on Monday, pending approval from regulators. ![]() Net+ and Skrill Prepaid Mastercards are issued by Paysafe Financial Services Limited and paysafecard Mastercard Cards are issued in the EEA by Paysafe Prepaid Services Limited as an affiliate member of Prepaid Services Company Limited and in the UK by Prepaid Services Company Limited, each pursuant to licences from Mastercard International. paysafecard is a registered trademark of Werkarten GmbH. The Paysafe® trademark is the registered property of Paysafe Holdings UK Limited. Skrill is a registered trademark of Skrill Limited. NETELLER and Net+ are registered trademarks of Skrill Limited. is a registered ISO of Fifth Third Bank, N.A., Cincinnati, OH, USA. Paysafe Payment Processing Solutions, LLC is a registered Independent Sales Organization/MSP of Deutsche Bank AG, New York, NY Citizens Bank, N.A., Providence, RI PNC Bank, N.A., Pittsburgh, PA Wells Fargo Bank, N.A., Concord, CA Woodforest National Bank, Houston, TX BMO Harris Bank, N.A, Chicago, IL and Merrick Bank, South Jordan, UT. The NETBANX® trademark is a property of Paysafe Holdings UK Limited. Paysafe Prepaid Services Limited, trading as paysafecard, my paysafecard, paysafecard Mastercard and Paysafecash, is regulated by the Central Bank of Ireland. ![]() Paysafe Payment Solutions Limited, trading as Paysafe, NETELLER, Skrill, Rapid Transfer and Skrill Money Transfer, is regulated by the Central Bank of Ireland. Paysafe Financial Services Limited (FRN: 900015), Skrill Limited (FRN: 900001) and Prepaid Services Company Limited (FRN: 900021) are all authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money and payment instruments. Copyright © 2023 Paysafe Holdings UK Limited. ![]()
0 Comments
Leave a Reply. |