The importance of leveraging huge ecosystems to build a payments leader

Jaygan Fu Ponnudurai, CEO, OVO

Victor Lesmana, President, Commerce & Fintech, Bukalapak 

OVO and Bukalapak are Indonesia’s two top digital economy players who operate across a vast ecosystem.

OVO, which is the Indonesian payment arm of Grab, is looking to drive financial inclusion and expand its digital payments as seeks to look at an open ecosystem model with more third-party use cases.

Indonesia-listed Bukalapak and Grab have cross-ownership and partnership relations with technology conglomerate Emtek Group and the Salim Group. While Emtek is the biggest shareholder in Bukalapak, the company also has a stake in both Grab and the Grab-backed e-wallet OVO through its subsidiary. At the same time, Grab also has a stake in Emtek.

How will these ecosystems, which have cross-connections, play out in Indonesia? How do these ecosystems compete? Will there be synergies going forward?

Join this session where OVO CEO Jaygan Fu Ponnudurai and Bukalapak director Victor Lesmana will share their insights on the growth of the payments business in the context of operating across multiple ecosystems.