Indonesia: Easypay to transfer shareholding; Blibli expects five-fold increase in online transaction

Photo by Easypay

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.

Also Read : 

Myanmar: EasyPay to launch mobile payment service by end of March

US e-commerce giant eBay plans to open office in Indonesia

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.