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Indonesia's top e-tailer switches to Lippo-backed payment app

Tokopedia picks Ovo as e-wallet to counter rising rivals

The Ovo e-payment service is cropping up at retail locations across Indonesia, like this mall in Surabaya.

JAKARTA -- Top Indonesian e-commerce site Tokopedia appears to have abandoned its long-suspended e-wallet in favor of a partnership with Ovo, a digital payment platform developed by local conglomerate Lippo Group.

Tokopedia, which boasts 80 million monthly users, tried to enter the e-payment business with TokoCash in March 2017. But the Indonesian unicorn put that effort on hold six months later after being told to suspend the payment service pending a review by Bank Indonesia.

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