Payments

Haryati Lawidjaja has extensive experience in various state-owned enterprises, serving previously as vice president at Telkomsel, and head of marketing at Bank Tabungan Pensiunan Nasional.

The company’s digital payment services have been used by more than one-third of the country’s population.

China’s sovereign digital currency, the so-called Digital Currency Electronic Payment (DCEP), could be launched later this year.

COVID-19 has forced people to self-isolate, which is making people unlearn old methods and move towards digital payments.

Nium already operates in over 90 countries and will now focus on “vertical expertise” in markets like Europe, India, UK, and the US.

Burger King, Canadian Pizza, Cedele, Da Paolo Group, The Daily Cut, and Tuk Tuk Cha are some of the merchants included in the service.

For the government’s digital stimulus package, 47 e-wallet players threw their hats into the ring, but only three were chosen: GrabPay, Boost, and Touch ‘n Go.

Paytm was valued at USD 16 billion last year when the US-based asset manager T Rowe Price—as a new investor—poured USD 150 million into the Noida-based company.