Family of top Indonesian magnate owns 51% in ShopeePay, and that makes all the difference

The family of Indonesian billionaire Martua Sitorus, the co-founder of the world’s biggest palm oil trader Wilmar International, is the controlling shareholder in ShopeePay, the Indonesian e-payment arm of Singapore-based Sea Ltd, showed an examination of the latest corporate filings in the country by DealStreetAsia.