12-Jan-18, Nikkei Asian Review
Indonesian conglomerate Lippo Group will take advantage of its vast customer base of 60 million to strengthen mobile payment services, a promising market where its future may lie.
%20Nikkei%20Asian%20Review.jpg "Lippo Group moves to cash in on Indonesias cashless society (c) Nikkei Asian Review")
Image: Nikkei Asian Review
Online shopping and ride-hailing apps have quickly gained currency in Indonesia as consumers have embraced smartphones. Of the country's population of 260 million people, more than half are 30 or younger.
"Indonesia is the last remaining large market where technology hasn't really taken off," said John Riady, the executive director in charge of Lippo's digital segment, in a recent interview.