Fiuu Fintech said that this acquisition of E2Pay marks its further expansion into the Indonesian market
Fiuu Fintech, the fintech arm of gaming hardware giant Fiuu, today announced that it had acquired PT E2Pay Global Utama (E2Pay), B2B2C digital payment facilitator and e-money player in Indonesia, for an undisclosed sum.
In a press statement, Fiuu Fintech said that this acquisition marks its further expansion into Indonesia.
“E2Pay is one of Indonesia’s few digital payment players with a comprehensive set of licenses across various payment gateway services, e-money, and remittance. The acquisition of E2Pay allows us to accelerate our entry into Indonesia, one of the fastest-growing digital economies in Southeast Asia, as well as be able to better serve the digital payment needs of our regional and global merchants as the single partner of choice. I look forward to working closely with the E2Pay team to grow our presence in Indonesia considerably in the years to come.” said Fiuu Fintech CEO Lee Li Meng.
Founded in 2012, E2Pay provides a wide range of payment solutions to merchants and financial institutions, including payment gateway, e-money, and remittance services licenses in Indonesia.
The company’s most notable clients included local unicorns such as Tokopedia, Bukalapak, Traveloka and Blibli.
E2Pay said that its e-money platform MBayar serves over 500,000 registered users and supports payments for credit or data plans, bill payments, QR payments, cash withdrawals and fund transfer services.
These services complement Fiuu, Fiuu Fintech’s business-to-business arm regionally. The company said that it facilitates cross-border payments for its 60,000 merchants to the region’s largest populated country.
Repost from: e27.
