Indonesia e-wallet provider Dana launches services targeted at foreigners as it looks to expand its ecosystem
Company now allows foreigners to bind their credit cards to the e-wallet, which is a step towards its internationalisation
DANA is ramping up its expansion strategy and is now targeting travellers. Such individuals are now allowed to bind their credit cards to the e-wallet firm, so they can use these cards to make payments to micro, small and medium-sized merchants through Indonesia’s unified QR payment system, QRIS.
Dana, the first major Indonesian e-wallet firm to provide this service, sees this as the next step in its domestic and regional expansion strategy.
Its chief innovation officer Darrick Rochili told The Business Times at the recent Singapore FinTech Festival: “This does two things. It helps users from overseas easily and seamlessly transact in Indonesia, and it also empowers merchants to accept payments from foreigners.”
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre
