It has been reported that global online payment service provider PayPal will be expanding its reach to small and medium enterprises (SMEs) in Indonesia through a partnership with Doku, an Indonesian online payment gateway firm. PayPal's GM for Southeast Asia mentioned that PayPal has witnessed good organic growth from their business of providing payment services to SMEs. Doku's COO explained that they had been in discussions with PayPal regarding this partnership for over 2 years and only decided to seal the deal this year as they find that more merchants have realised the importance of e-commerce and online payments.
For more information about this partnership, you can read the full article here
Other than Indonesia, other parts of Asia are also witnessing the growing popularity of online payment channels in recent years. Asia's largest smart cards and payments conference and exhibition – Cards & Payments Asia 2013 will be held from 24 – 25 April in Singapore and will address critical issues facing the industry and provide valuable insights on how you can drive further business growth in this area. Download our event prospectus or view our programme to find out more!