Firms form new units to tap into mobile payment business in Indonesia

Wednesday, April 2, 2014

A number of businesses have set up new units to provide mobile payment solutions to an expanding list of financial service institutions and telecommunications operators in Indonesia amid the projected sharp increase in mobile payments.

Ericsson, traditionally a telecommunications network equipment vendor, has begun to introduce their mobile payment platform and services to prospective clients.

“This is a relatively new area that Ericsson has entered within the past three to five years,” Ericsson sales general manager for mobile money Asia Pacific, Eustace Lobo said.

Source: The Jakarta Post (link opens in a new window)

digital payments, mobile finance