Spread of mobility service and Indonesian cashless society
In contrast, Grab announced official business partnership with OVO, an electronic payment platform backed by Lippo Group and have it transplanted to mobile application in December, 2016.
In a country where less than 10% of the population holds credit cards, implementation of e-payment system on mobile devices served as a game changer for the leapfrog of the mobility market. As users can make payments within their balance in the mobile wallet, overall access to mobility services was considerably upgraded.
Spread of mobility service and Indonesian cashless society
It goes without saying that spread of mobility services accelerated by transplantation of e-payment on mobile gadgets has raised the expectation of a cashless society in Indonesia.
As a result, financial environments without cash have been actualizing inch by inch. Though a cashless society is still at its infant stage, hopes are higher than ever that a cashless society will advance the national dream of digital Indonesia into reality.
Expansion of mobility services and Indonesian cashless society
As the world’s biggest archipelago with 17,000 or so islands, Indonesia has little choices but to rely upon online or mobile platforms to have more people advantaged from the convenience and efficiency of the digital economy.
Beginning from the e-commerce field followed by sectors like the mobility and the fintech services, young startups have been playing crucial roles in taking initiatives to bring digital technology nationwide.
Expansion of mobility services and Indonesian cashless society
The number of internet users in key countries of Southeast Asia like Vietnam has been mounting the fastest on the planet. A whopping 480 million people is predicted to get access to internet in Southeast Asia by 2020.
This could explain why global investment experts have been paying closer attention to this area where youngsters covering half of the entire population are climbing on the brand new era of the digital economy.
