Fintech in Indonesia is currently at 10% to 15% penetration nationwide, but industry sources are bullish about the next five years.
A merged Ovo-Dana would make up almost half of Indonesia’s digital payment transaction values. But GoPay has Facebook’s support up its sleeve.
With the company’s focus on its home country, it’s unclear how much importance Gojek is putting on its regional expansion in Southeast Asia.
A regulator said the three local companies had previously asked about tentative approval for a payments partnership with Facebook.