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As the FT reports - The humble QR code is set to give the Indonesian mobile payments market a huge boost when the central bank formally switches on a system allowing transactions between competing players, including banks.
Our latest survey found that Go-Pay, the payment arm of Indonesian tech start-up Go-Jek, remained the country’s most popular mobile payments platform, but it faces growing competition from OVO Cash, part of the Lippo Group conglomerate. However, the two companies are likely to face stiffer competition next year as traditional banks take a greater share of the market. Our survey found that Go-Pay was used by almost three-quarters of mobile payments users in the three months to the end of September, up slightly from the same period last year, followed by OVO, which was used by around 42 per cent (some people used both).
https://www.ft.com/content/e9a50f6c-037a-11e9-99df-6183d3002ee1
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