Commerce Company Boku has joined forces with Gojek's digital payment platform GoPay to expand mobile payments across Indonesia.
As part of the partnership, Boku's merchant customers in Indonesia will be able to introduce GoPay as an additional payment method.
The partnership follows a research by management consultancy Redseer which states that Indonesia's e-wallet market is set to be the fastest-growing fintech segment in the country, with projected growth from US$1.5bn in 2018 to US$25bn in 2023.
Jon Prideaux, chief executive of Boku commented: "Boku's mission is to make mobile transactions simpler, and this partnership with GoPay is a big step towards accomplishing that mission. We look forward to continuing our collaboration with GoPay to bring cashless payments to more consumers in Indonesia and to bring increased customer acquisition to global businesses operating in Indonesia."
Timothius Martin, senior vice president (SVP) Digital Product Marketer of GoPay, commented: "As Indonesia continues to move towards digital payments and embraces a mobile-first society, GoPay and Boku share the same vision of providing convenience and greater opportunities to both consumers and businesses.
"With Boku's leading network of global merchants we can immediately help traditionally underserved Indonesian consumers participate in the global digital economy."