(Alliance News) - Mobile payments firm Boku Inc on Wednesday announced a partnership with a digital payment platform in Indonesia.
Boku will work with GoPay, the digital payment platform of Gojek, the largest on-demand multi-service provider in south-east Asia.
Boku's merchant customers in Indonesia will be able to use GoPay as a payment method, making payments easier for a larger pool of end-users. This, Boku said, reflects the growing popularity of e-wallets in the country.
Indonesia's e-wallet market is the country's fastest growing financial technology segment, Boku said, and is projected to reach USD25 billion by 2023 from USD1.5 billion in 2018.
Boku Chief Executive Jon Prideaux said: "Boku's mission is to make mobile transactions simpler, and this partnership with GoPay is a big step towards accomplishing that mission.
"We look forward to continuing our collaboration with GoPay to bring cashless payments to more consumers in Indonesia and to bring increased customer acquisition to global businesses operating in Indonesia."
Shares in Boku were 2.5% higher at 102.00 pence in London on Wednesday.
By George Collard; georgecollard@alliancenews.com
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