Boku launches e-wallet payments in Indonesia for a music streaming partner

Tuesday 18 August 2020 09:42 CET | News

Mobile payments and identity company Boku has announced the introduction of e-wallet payments in Indonesia for one of its global music streaming partners.

The AIM-traded company has added DANA, GoPay and OVO - three well-known e-wallet services in Indonesia - as new payment options for the partner's premium subscription service.

With credit card penetration below 5%, Boku explained that e-wallets had become Indonesia's fastest growing payment method, and a “critical tool” for growing online sales in that country.

It said e-wallet use was most prevalent with Indonesia's youth, adding that recent reports indicated 75% of Indonesian e-wallet app users were between 20 and 35 years old, with 68% of these using digital wallets at least once a week.

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Keywords: Boku, e-wallets, music streaming, subscription payments, recurring payments, payment methods
Categories: Payments & Commerce
Countries: Indonesia
This article is part of category

Payments & Commerce