<article>Indonesian media conglomerate <a href="https://www.dealstreetasia.com/?s=Emtek+Group" target="_blank" rel="noopener noreferrer">Emtek Group</a> has confirmed the acquisitions of two e-money providers &#8211; DOKU and Espay &#8211; in its quarterly financial report.</article>

Indonesian media conglomerate <a href="https://www.dealstreetasia.com/?s=Emtek+Group" target="_blank" rel="noopener noreferrer">Emtek Group</a> has confirmed the acquisitions of two e-money providers &#8211; DOKU and Espay &#8211; in its quarterly financial report.
In the report, Emtek said that it has acquired 50 per cent of Nusa Inti Artha, DOKU’s parent company. It has also purchased 90 per cent stake in Espay Debit Indonesia Koe, the report mentioned.
DOKU is one of Indonesia’s first payment gateway platforms, while Espay owns the product uNIK. Both platforms own the much coveted e-money licence, which is released by the Bank Indonesia in a regulated manner.
The payment platforms are most likely to be integrated into Emtek’s Blackberry Messenger.
Last month, Emtek announced its intention to partner Alibaba Group’s financial arm, Ant Financial, to form a payment platform within BlackBerry’s messaging (BBM) service, which has about 63 million users in Indonesia.
What has caught Alibaba’s attention is that Emtek is modelling the strategy for BBM in Indonesia in line with what China’s WeChat has successfully achieved. WeChat has now become a one-stop shop for watching video, getting celebrity updates and shopping online, and more. Currently Chinese users use WeChat to navigate their daily lives, integrating social media, payments, web browsing and messaging into a single application.
Emtek also holds a significant stake in <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=Bukalapak" target="_blank" rel="noopener noreferrer">Bukalapak</a>, Indonesia’s third largest e-commerce player.  BlackBerry Messenger (BBM) and Bukalapak already had a partnership called BBM Shopping that allowed users to browse products offered by Bukalapak, and make payments to complete transactions without ever leaving the app.
Also Read:
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/69181-69181/" target="_blank" rel="noopener noreferrer">Exclusive: Emtek in JV talks with Alibaba, deal may see investment in Bukalapak</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/bukalapak-hopes-to-become-profitable-by-yr-end-coo-68437/" target="_blank" rel="noopener noreferrer">Indonesia’s Bukalapak hopes to become profitable by year end: Willix Halim, COO</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/kaskus-bukalapak-to-go-public-this-year-44699/" target="_blank" rel="noopener noreferrer">Indonesia’s e-commerce players Kaskus, Bukalapak explore IPO plans</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/emtek-makes-series-b-investment-bukalapak-2670/" target="_blank" rel="noopener noreferrer">Emtek makes series B investment in online marketplace BukaLapak</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/japans-sbi-group-invests-6-3-million-indonesian-p2p-lending-taralite-72620/" target="_blank" rel="noopener noreferrer">Japan’s SBI Group invests $6.3 million in Indonesian P2P lender Taralite</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/exclusive-mci-24print-id-kresna-close-more-deals-72026/" target="_blank" rel="noopener noreferrer">Exclusive: M Cash Integrasi to buy 25% of 24Print.id, Kresna to close 3 more deals</a>

Indonesian media conglomerate Emtek Group has confirmed the acquisitions of two e-money providers - DOKU and Espay - in its quarterly financial report.

Indonesia: Emtek Group confirms acquisitions of e-money services Espay, DOKU

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Indonesia: Emtek Group confirms acquisitions of e-money services Espay, DOKU

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief