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WeChat Pay now legal in Indonesia, says BI

Bank Indonesia (BI) has officially granted China-based e-wallet heavyweight WeChat Pay a permit to operate in the country. BI deputy governor Sugeng said the central bank granted the permit on Jan. 1. “WeChat Pay is now legal [in the country],” he said on Saturday as quoted by kompas.com via Kontan. Regulators agreed to grant the permit after WeChat […]

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Indonesia to become Asean’s biggest stock market

BANGKOK: Indonesia, Southeast Asia’s largest economy, is finally poised to take the title of the biggest equity market in the region. Its market value of $529 billion has nearly matched that of slumping Thailand, which snatched the top spot from Singapore in May, buoyed by a strengthening baht. With its currency giving back some gains […]

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