JAKARTA -- Ant Financial Services, the payments affiliate of Chinese internet giant Alibaba Group Holding, announced Wednesday a push into Indonesia by establishing a joint venture with local media conglomerate Elang Mahkota Teknologi.
The joint venture will develop a mobile payments service for BlackBerry's BBM chat app, which still claims more than 60 million users in Indonesia. Elang Mahkota Teknologi, known locally as Emtek Group, has been developing the app to cater to the Indonesian market after striking a licensing deal with the Canadian software company in 2016.
