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EMTEK and Ant Financial prepares DANA, Alipay implementation in Indonesia

Last April, Indonesian media and tech mogul EMTEK Group and And Financial, Alibaba-backed owner of payments service Alipay, announced a joint venture to develop digital payments service in the country. According to information that DailySocial managed to gather, said product is DANA, which is set to be launched as a payments platform in Blackberry Messenger (BBM). The service is expected …

DEPA predicts e-commerce value in Thailand to triple to $63 billion in 2022

Thailand’s Digital Economy Promotion Agency (DEPA) projects the retail ecommerce value in the country will reach $63 billion (THB 2.1 trillion) in 2022. The forecast is three times higher than 2016, thanks to intense competition from big players, the popularity of social commerce and the availability of wireless technology. Ratthasart Korrasud, senior executive vice-president of the Digital Economy Promotion Agency …