Boku has partnered with GoPay, the digital payments platform of Gojek that processes half of transactions made in Indonesia.
Through the partnership, Boku’s merchant customers in Indonesia will be able to introduce GoPay as an additional payment method, enabling ease of payments for a greater pool of end-users.
The partnership reflects the growing popularity of e-wallets as the primary payment mechanism for multiple use cases like transportation, recurring entertainment subscriptions, and in-app and in-game micro-purchases.
Indonesia’s e-wallet market is set to be the fastest-growing fintech segment in the country, with projected growth from $1.5 billion in 2018 to $25 billion in 2023, according to management consultancy Redseer.
“Boku’s mission is to make mobile transactions more simple, and this partnership with GoPay is a big step towards accomplishing that mission,” said Boku CEO Jon Prideaux.
“We look forward to continuing our collaboration with GoPay to bring cashless payments to more consumers in Indonesia and to bring greater customer acquisition to global businesses operating in Indonesia,” said Prideaux.
Timothius Martin, SVP for digital product at GoPay, said that with Boku’s network of global merchants, GoPay can immediately help traditionally underserved Indonesian consumers participate in the global digital economy.