Indonesia-based payment systems provider PT Easypay Indonesia said that its shareholders were planning to transfer ownership to a third party even as one of the country’s major online retailers, Blibli reported that it expects a five-fold increase in daily transactions.
Easypay to transfer shares to third party
In the announcement released on March 3, the company said it was transferring its share to a third party but did not disclose its identity.
Easypay Indonesia was established in 2013 and provides a secure-cash payment service. The Bali-based company has recorded fast growth since its launch, with over 200 locations across Java, Bali and Lombok.
Blibli eyes 10,000 transactions in 2016
Blibli’s CEO, Kusumo Martanto, said that the company’s average daily transactions are likely to reach 10,000 during the current year. This would be a five-fold increase from last year, The Jakarta Post reported.
To reach this target, Blibli has implemented several business strategies, such as establishing a partnership with major credit card issuers, Kusomo revealed, adding that Blibli plans to offers free delivery service to its customers.
Blibli was established five years ago by PT Global Digital Niaga (GDN), an affiliate company of Djarum Group, and sells products ranging from baby diapers, mobile phones and fashion items to motorcycles and cars.
The infant product range dominates the sales transactions for the portal. It is followed by gadgets and fashion products, he said.
In order to reduce costs, Blibli has opened three warehouses in Jakarta and plans to build more outside of Jakarta in the future, Kusumo told reporters following the signing of a partnership agreement with Standard Chartered Bank.andard Chartered’s strategy to expand aggressively in Indonesia.
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