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Visa in talks to bring pay later service to Gojek

Traditional bank and credit services in Indonesia 'too slow and exclusive'

A customer uses a smartphone to pay for food using Gojek's mobile wallet GoPay in Jakarta, Indonesia.    © Reuters

JAKARTA -- Global payment provider Visa is in discussions with Southeast Asia's ride-hailing company Gojek to bring a pay later service to the platform and new capabilities to pay in instalments, with the aim of reaching more customers.

Explaining the initiative at the Indonesia Banking Expo 2019 on Wednesday, President Director of Visa Indonesia Riko Abdurrahman said Visa's bank partners faced difficulties in granting loans to small to mid-size enterprises due to rigid banking regulations and the big potential risks. However, a collaboration between Visa and ride-hailer Gojek could open up opportunities.

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