Emtek and Ant Financial to launch new mobile payments platform in Indonesia

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Emtek Group has today announced a strategic partnership with Alibaba’s digital payments company Ant Financial. The two companies will jointly develop a suite of financial services, which includes a mobile payments platform that will debut on BBM.

BBM is one of Indonesia’s most widely-used messenging apps and Emtek envisions BBM as a self-contained ecosystem that provides a host of internet services including e-commerce.

Currently, users can shop on Indonesian marketplace Bukalapak without leaving the app.

Its synergy with Ant Financial is evident — Ant’s Alipay app allows its over 450 million users to hail a taxi, book a hotel, buy movie tickets, pay utility bills, make appointments with doctors, purchase wealth management products and manage their finances.

“Ant Financial has proven know-how in delivering payment and other financial solutions to a large and growing mobile audience in China and enabling its partners globally, and we are looking forward to replicating and creating this success in Indonesia,” said Alvin Sariaatmadja, CEO of Emtek.

The joint venture will also roll out its mobile payments technology to e-commerce, over-the-top (OTT) and online-to-offline (O2O) services, merchants and platforms in Indonesia. No specific companies were mentioned.