JAKARTA (Reuters) – Facebook Inc is preparing to apply for regulatory approval in Indonesia to launch mobile payments in partnership with three local digital fintech firms, people familiar with the matter told Reuters.
FILE PHOTO: A 3D-printed Facebook logo is seen placed on a keyboard in this illustration taken March 25, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
The plan, if approved, could be among the first such services under the unified payment service Facebook Pay it, which the social media platform unveiled in November. It allows users across its various platforms including WhatsApp and Instagram to make payments without exiting the app.
The move comes amid early partnership talks between the social network and ride-hailing and payments firm Gojek.
Four sources said Facebook wants to capitalize on the Indonesian market and is preparing for regulatory approval in the country.
The three e-wallet operators are Indonesian ride hailing firm Gojek’s GoPay, fintech…
Source Reuters Tech News
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