Indonesia plans to impose fixed fees on e-wallet transactions

Indonesia plans to impose fixed fees on e-wallet transactions

Early backers of Indonesia's first digital wallet unicorn OVO have left the company as Southeast Asia ride-hailing and fintech takes over.

Indonesia plans to impose fixed fees on some e-wallet transactions, five people familiar with the matter said, in a move that could choke a key revenue stream and raise costs for payment startups backed by the likes of Alibaba’s Ant Financial.

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