Digital Wallet Competition Is Increasingly Dynamic

Recently, it is reported that the Dana digital wallet will be acquired by PT Smartfren Telecom Tbk (FREN),

which is a subsidiary of the Sinarmas Group. After annexing the Fund, the Sinarmas Group will also roll out a red carpet for Alibaba, becoming a shareholder of FREN. If this is true, then the portion of PT Elang Mahkota Teknologi Tbk (EMTK) ownership of PT Espay Debit Indonesia Koe (Dana) shares through its 49% ownership in PT Elang Andalan Nusantara (EAN) is likely to be released. Considering that EMTK currently owns Ovo, which is jointly managed with Grab. The Director of Research for Core Indonesia, Piter Abdullah, believes that the digital economy or business requires collaboration and synergy carried out in an ecosystem. Therefore, what these big groups are doing is aimed at developing their digital business in the future. "So if you want to win future business competition, you must have or be incorporated in a complete ecosystem, including having digital payment instruments," said Piter to KONTAN, Monday (24/1). Digital economy researcher at the Institute for Development of Economics and Finance (Indef), Nailul Huda, assessed that the digital wallet competition map is still very dynamic. "Shopeepay is very encouraged by the massiveness of Shopee, as well as Ovo, which is assisted by Tokopedia and Grab," said Huda.

|•SOURCE•| Image :101 RED |

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