JAKARTA -- Bank Mega, a midsize bank owned by Indonesian conglomerate CT Corp., will release its own mobile payment service soon in a challenge to bigger players such as local ride-hailing startup Go-Jek.
The bank, which ranks 17th in Indonesia by assets, is awaiting approval from regulators and hopes to launch the service as early as this month. Bank Mega sees the CT group's extensive retail network as giving it an advantage over rivals, and it aims to move users into higher-value transactions.
