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Wattsab, a Facebook-owned company, is in talks with several Indonesian digital payment companies to offer its own payment service and send money to appeal to the e-commerce sector. in the country's growth, a Reuters report said.
Indonesia could become the second country in the world to obtain such a service from WhatsApp, which was awaiting regulatory approval from India, the largest market in terms of user numbers, which had been delayed due local data storage rules.
Unlike India, where WhatsApp plans to offer direct digital payment, the service will simply serve as a platform in Indonesia that supports payments through local agents due to strict licensing laws.
According to Reuters, the Indonesian model could become a model for the application of WhatsApp in other emerging markets to circumvent laws applicable to foreign investors who create their own digital wallets.
With 260 million inhabitants and the largest economy in Southeast Asia, Indonesia is one of the top five global markets for WhatsApp, with more than 100 million people worldwide. ; users.
The e-commerce industry in Indonesia is expected to triple to $ 100 billion by 2025, but the country has one of the most stringent digital payment systems in the region.
WhatsApp is in talks with several digital payment companies, including transportation services company Guo Jake and mobile payment services company Dana, backed by the Chinese finance company and the UFO startup, owned by the Indonesian group Libo Group.
The project to enter the Indonesian market comes after Mark Zuckerberg, CEO of Facebook, announced earlier this year that the WhatsApp electronic payment service would be deployed in some countries.
"We are looking to introduce digital payments in more countries." WhatsApp is in talks about payments with financial partners in Indonesia, but discussions are still in the early stages and we have nothing to share "said a Facebook spokeswoman to Reuters.
The service was scheduled to start in late 2019, but should be delayed by several months because WhatsApp does not want to be launched in Indonesia before India.
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