Facebook and Whatsapp Is Getting Into Digital Payments

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WhatsApp is in advanced talks with several digital payments firms including ride hailer Go-Jek, mobile payments firm DANA, backed by China’s Ant Financial, and fintech startup OVO, which is owned by Indonesian conglomerate Lippo Group and is also backed by ride hailing company Grab, the sources said.

Deals with the three firms are expected to be finalised shortly, the people said, declining to be named as the talks are private. WhatsApp has also approached state-owned Bank Mandiri (BMRI.JK), which operates a digital wallet, they said. The Indonesia plan comes after Facebook CEO Mark Zuckerberg announced earlier this year that it would be rolling out WhatsApp payments to “some countries”.“As Mark has said earlier this year... we are looking to bring digital payments to more countries,” a Facebook spokeswoman told Reuters.