Indonesia Tech News

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The Indonesian government plans to introduce fixed fees for some e-wallet transactions. Indonesia’s central bank plans to implement merchant fees of 0.7 percent; at present, digital payments firms generally operate a sliding scale charging larger retailers more than smaller companies

The digital payment firm Ovo has recorded an increase of 70% in transactions compared to 2018. It also announced a partnership with Indonesia’s biggest pawnshop, Pegadaian

Indonesian President Joko Widodo will make a decision about the potential investment at a later date; the new city is expected to cost $34B to build.