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Emtek and Ant Financial launching mobile payments JV in Indonesia

Indonesia is set to receive a new mobile payments platform following the announcement of a joint venture between media firm Emtek (Elang Mahkota Teknologi) and Alipay’s parent firm Ant Financial.

The platform will initially be available via the BlackBerry Messenger (BBM) app, which is licensed to an Emtek subsidiary in Indonesia and has an install base of 63 million monthly active users. Once this launch is complete, the platform will be pushed to other messaging and eCommerce offerings.

Emtek CEO Alvin Sariaatmadja issued a statement saying: “Ant Financial has proven know-how in delivering payment and other financial solutions to a large and growing mobile audience in China and enabling its partners globally, and we are looking forward to replicating and creating this success in Indonesia.”

Ant Financial International president Douglas Feagin added: “This strategic partnership underlines our commitment to serve the unbanked and underbanked around the world and to improve their lives by bringing them inclusive financial services. We are achieving this by working with partners who share our vision.”

Emtek is a major media player in Indonesia, with its subsidiaries running various popular social media platforms and terrestrial broadcast channels. The joint venture comes as part of a broader push by Ant Financial to reduce its reliance on the Chinese market, following its announcement in February that it would invest in the Mynt payment platform provided by Globe Telecom in the Philippines.