TOKYO -- Japan's Mizuho Financial Group will invest about 17 billion yen ($128 million) in an Indonesian deferred payment business as it seeks to capture demand in a country where few people have credit cards.
Deferred payments popular among consumers lacking credit cards and bank accounts
Mizuho also has invested in Vietnam's M-Service, operator of the popular payment app MoMo, and Philippine digital-only bank Tonik. © Reuters
TOKYO -- Japan's Mizuho Financial Group will invest about 17 billion yen ($128 million) in an Indonesian deferred payment business as it seeks to capture demand in a country where few people have credit cards.