Indonesian fintech OVO introduces fixed-income product

This is the latest addition to OVO’s digital financial products offered via its platform with a minimum buy-in of USD 0.70, as part of the digital wallet company’s investment unit. 

According to a survey conducted by Kadence International Indonesia, over 44% of the respondents used one of the online payment platforms available in Indonesia (including OVO) to conduct virtual payments at least 4 times a week. Respondents claim they performed various types of digital transactions, including online shopping, bill payment, transportation, and food ordering, channeling the needs for more complex digital wallet solutions that allow full integration. 

Founded in 2017 with an e-money license from Bank Indonesia, OVO is the country’s first fintech unicorn and one of the most in-demand digital payment services. 
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