Asia Latest News Partnerships Paytech

Worth Over $1bn, PPRO Integrates Jenius Pay and LinkAja Into Its Payment Platform

PPRO, the global provider of local payments infrastructure for payment service providers, banks, and enterprises with payment platforms, has announced their integration of two of the most popular payment methods in Indonesia, Jenius Pay and LinkAja.

These latest additions to PPRO’s platform will enable international payment companies and their merchants to cater to Indonesia’s preferred payment methods, a proven way to increase sales in any local market. This integration was released in cooperation with PPRO’s partner DOKU, a payment technology company that enables more Indonesians to pay with their trusted payment methods when shopping online and onsite.

LinkAja is Indonesia’s national payment system platform used by more than 75 million consumers to assist cashless financial transactions. Jenius from Bank BTPN provides ease of transaction with Jenius Pay as an online transaction option using $Cashtag (a unique identity to replace account numbers for Jenius users). Jenius, a life finance solution for the digitally savvy, continues to grow and gets positive feedback which currently has more than 3.3 million users.

Jenius Pay and LinkAja join Indonesia’s other preferred payment methods, DOKU and OVO, on PPRO’s platform in a move that deepens PPRO’s commitment and expands their footprint in a market increasingly recognised as a hotspot for digital payments in APAC. The digital financial services market in Indonesia is expected to be worth $8.6billion by 2025.

Kelvin Phua, Global Head of Payment Networks at PPRO comments, “PPRO has only been active in Indonesia since 2020. Since then, we’ve added the region’s biggest payment players to our platform and been able to increase reach for companies who want to cater to the preferences of one of the world’s fastest growing markets – without the added financial and operational burdens of entering new territories.

“As strategic partners to many of the world’s biggest and up-and-coming payment companies, we’re constantly adding payment methods and services to our infrastructure. Doing so vastly reduces the cost and complexity that merchants face when helping consumers shop with their preferred payment methods.”

Irwan S. Tisnabudi, Digital Banking Head Bank BTPN said, “Jenius believes that collaboration from various parties is needed to create a digital economy ecosystem. In line with the spirit of co-creation and collaboration that Jenius has carried from the start, we are excited to collaborate with PPRO in providing more complete and relevant financial services. This integration with PPRO widens our reach into the global merchant ecosystem and strengthens our endeavours to deliver life finance built around the consumer.”

Haryati Lawidjaja as CEO LinkAja said, “Our integration with PPRO allows us to continue our mission to accelerate financial inclusion in Indonesia, focusing on the essential needs of the lower middle class as well as Micro, Small and Medium Enterprises.”

Jenius Pay and LinkAja are the latest local payment methods to join PPRO’s platform including Alipay, WeChat Pay, GrabPay, Bancontact, iDEAL, BLIK, and Boleto Bancário. PPRO announced earlier this year that it had raised $180million, taking the firm’s total value to over $1billion.

Author

  • Francis is a junior journalist with a BA in Classical Civilization, he has a specialist interest in North and South America.

Related posts

Objectway Delivers New Integrated Digital Front-End Solutions for BNY Mellon’s Pershing

Jason Williams

GoCardless Opens New York Office To Grow Global Workforce

Polly Jean Harrison

World Bank: Covid-19 Remittance Flows to Shrink 14% by 2021

Polly Jean Harrison