Indonesia’s Bukalapak aims to turn mom-n-pop stores into banking agents

Photo: Bukalapak

Indonesian startup Bukalapak, backed by Chinese fintech Ant Group, aims to turn the mom-and-pop stores that use its B2B e-commerce platform into banking agents through a partnership with one of the country’s largest lenders, its CEO told Reuters.

Bukalapak, or ‘open store’, will introduce grocery sellers and street vendors – known as ‘warungs’ – to a service from PT Bank Mandiri (Persero) Tbk through which warungs can help often smartphone-less locals set up bank accounts.

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