Southeast Asia’s largest economy faces a major obstacle to going cashless: The majority of its citizens don’t have bank accounts, which means they generally rely on cash for transactions.

although one of Indonesia’s start-ups says the item’s confident of further catalyzing the adoption of e-payment systems inside country.

Go-Jek, a tech “unicorn” reportedly valued at about $3 billion, comprises a ride-hailing, logistics along with e-payments business. Those functions will work together to boost the firm’s effort to move cash into digital value, the start-up’s CEO along with co-founder, Nadiem Makarim, told CNBC.

“All of our drivers right at This particular point inside network — we have about 850,000 registered drivers — can accept cash to top up people’s Go-Pay accounts,” Makarim said, referring to the firm’s e-payment platform.



Both drivers along with riders have an incentive to use the e-wallet: A customer who tops up their Go-Pay account receives discounts for future rides, while their driver gets a points bonus.

The system allows unbanked customers access to the digital wallet, a Go-Jek ... http://www.topics1.com/one-of-the-entire-worlds-largest-markets-carries-a-unicorn-aiming-to-forge-a-cashless-future/