Fintech & Ecommerce

TikTok Invests $1.5 Billion to Get Back Into Online Shopping in Indonesia

TikTok, which is part of the ByteDance ownership structure, is investing $1.5 billion to become the controlling shareholder of the e-commerce unit of Indonesia’s GoTo Gojek Tokopedia.


DigiTrans Asia 2024

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TikTok Mulls Tokopedia Investment for New E-Commerce Platform

TikTok is reportedly considering an investment into Tokopedia, a unit of Indonesia’s GoTo Group, to revive its e-commerce service in Southeast Asia’s largest retail market.

Fintech & Ecommerce

Indonesia to Ban Purchases on Social Media

The Ministry of Commerce of Indonesia on Tuesday, September 26, announced that work is currently underway to create a regulatory framework for regulating processes in the sphere of e-commerce.

Fintech & Ecommerce

QR Code Payments to Grow 590% in Southeast Asia by 2028: Research

A new study from Juniper Research has found the volume of QR code payments in the leading Southeast Asian market will increase from 13 billion in 2023 to 90 billion in 2028.


TikTok Reportedly Plans to Get Indonesian Payments License

The media reports that TikTok is currently negotiating with regulators in Indonesia in order to obtain a payment license in this country.


GoPay App Launches in Indonesia

The standalone GoPay app has officially launched in Indonesia, after being available as part of Gojek and Tokopedia apps


Indonesia and India Can Sign Cross-Border Payments Pact

The media reports that India and Indonesia intend to combine their fast payment systems.


Bali Cracks Down on Crypto

Bali authorities will be taking strict measures against tourists paying for goods and services with cryptocurrency


Indonesia’s Latest Unicorn Is Aquatech Startup: What Does It Do?

eFishery is building an aquatech ecosystem where fish and shrimp farmers in Indonesia could easily scale up their businesses, providing farmers with access to financing and an online feed marketplace

Fintech & Ecommerce

Lazada Enhances Online Shopping With ChatGPT

One of the largest e-commerce operators in Southeast Asia – Lazada – introduced a ChatGPT-powered chatbot called LazzieChat to help users optimize their shopping experience


Malaysia and Indonesia Link Cross-Border QR Payment Systems

The Indonesia-Malaysia cross-border QR code payment linkage launches to make instant retail payments, expand markets for local businesses, and facilitate increased settlements in local currency


Indonesia Delays Launch of National “Crypto Stock” Exchange

Indonesian government delays launch of the controversial “crypto stock” exchange until risks are properly mitigated.