Payments News

Ant-Financial-Backed Startup Rides Indonesian Fintech Wave

Jul 28, 2019
Dana, a fintech startup backed by Ant Financial, is scouting for another strategic investor to help it snag more of the nation’s 150 million smartphone users.

PT Espay Debit Indonesia Koe, Dana’s operator, has racked up about 20 million users within a year of its launch, averaging about 1.5 million transactions daily, according to Chief Executive Officer Vincent Iswara. The digital wallet offers services such as QR-code based transfers and online credit-card transactions for individuals as well as merchants.

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