PYMNTS-MonitorEdge-May-2024

Indonesia

TikTok Looks to GoTo to Jumpstart Indonesian eCommerce Business
TikTok Looks to GoTo to Jumpstart Indonesian eCommerce Business
November 22, 2023  |  eCommerce

TikTok is reportedly turning to GoTo to revive its crucial Indonesian eCommerce business. The two firms are working on a plan — which could be finalized in the next few...

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New Indonesian eCommerce Rules Hinder TikTok’s Expansion Goals
New Indonesian eCommerce Rules Hinder TikTok’s Expansion Goals
September 28, 2023  |  Social Commerce

TikTok’s plan to invest heavily in Indonesian eCommerce is apparently hitting a roadblock. As Bloomberg News reported Thursday (Sept. 28), the company is now subject to new rules...

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TikTok Eyes Indonesian Payments License to Boost eCommerce Business
TikTok Eyes Indonesian Payments License to Boost eCommerce Business
August 04, 2023  |  eCommerce

TikTok is reportedly in early-stage talks with Indonesian regulatory authorities to obtain a payments license. The ByteDance-owned social media platform’s application has been favorably received by Indonesia’s...

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Indonesia and India Explore Cross-Border Payments Pact
Indonesia and India Explore Cross-Border Payments Pact
July 17, 2023  |  Faster Payments

India and Indonesia are reportedly planning to link their fast payment systems. The collaboration, as reported Monday (July 17) by Bloomberg News, is designed to spur cross-border...

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TikTok Takes on Spotify With Music Subscription in Brazil and Indonesia
TikTok Takes on Spotify With Music Subscription in Brazil and Indonesia
July 13, 2023  |  Subscriptions

TikTok is reportedly making a play for consumers’ music streaming spending with a new subscription platform. The video platform has launched a “TikTok Music” streaming service...

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Real-Time Payments in India, Indonesia Expected to See Largest Growth
Real-Time Payments in India, Indonesia Expected to See Largest Growth
April 04, 2023  |  Real-Time Payments

  Real-time payment systems have transformed how individuals and businesses transact and manage their money around the globe by allowing users to transfer funds instantly...

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PYMNTS Intelligence: Payment Challenges and Opportunities in High-Growth Markets
PYMNTS Intelligence: Payment Challenges and Opportunities in High-Growth Markets
March 01, 2023  |  Cross Border Commerce

Southeast Asia has become a tempting area of expansion for international corporates due to its high level of digital payments penetration, with a recent study indicating that...

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Mastercard Teams With Ayoconnect to Help Unbanked Indonesians
Mastercard Teams With Ayoconnect to Help Unbanked Indonesians
February 01, 2023  |  Financial Inclusion

Mastercard is working with open finance platform Ayoconnect to bolster financial inclusion in Indonesia. “With open banking, the unbanked population in Indonesia will have access...

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Indonesia’s Blibli Targets $528M IPO for November
Indonesia’s Blibli Targets $528M IPO for November
October 17, 2022  |  IPO

Indonesian eCommerce company Blibli is set to go public next month with an initial public offering (IPO) worth up to $528.9 million. According to published...

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