Facebook-Owned WhatsApp Looks to Launch Digital Payments in Indonesia
August 21, 2019 @ 12:08 +03:00
Facebook-owned messaging service, WhatsApp, is purportedly in preliminary talks with multiple digital payments firms as well as a state-owned bank to launch digital payment services in Indonesia. Reuters reported that they had learned of this development from anonymous sources on Aug. 20. According to the report, WhatsApp is currently negotiating with transportation booking service Go-Jek, mobile payments provider DANA, fintech startup OVO and state-owned Bank Mandiri. Bank Mindri operates a digital wallet service, per the report.
WhatsApp’s plan for Indonesia is to support payments through digital wallets in the region, according to Reuters’ sources. The report further speculates that Facebook’s dealings in Indonesia could become a template that they later use to dodge local regulations, pertaining to bans on foreign digital wallets.
However, the sources reportedly said that Facebook’s deal with the three payments firms will be finalized imminently. The launch of these services is, however, not expected until 2020, since WhatsApp is looking to launch in India at the same time or sooner, per the sources. According to the report, Facebook is still waiting on regulatory approval from India before they can launch WhatsApp-based payments.
Facebook-Owned WhatsApp Looks to Launch Digital Payments in Indonesia, CoinTelegraph, Aug 21