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Go-Pay sets out to 'strengthen' its digital wallet presence in cash-reliant Indonesia

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To tap the massive potential of Indonesia's electronic payment market, Go-Pay is planning to 'strengthen and deepen' its position in that space, according to its CEO Aldi Haryopratomo.

Digital payment is becoming increasingly popular in Indonesia — yet 99 percent of transactions by volume are carried out using cash, according to management consultancy McKinsey and Company.

According to Haryopratomo, Go-Pay is currently the country's market leader in the e-wallet space, where online credits can be used for in-app purchases of goods and services or with partner merchants. To strengthen its position in the market and better serve its consumers, Go-Pay said it is open to partnerships with banks.

 

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