[ad_1]
Finance
Deferred payments popular among consumers lacking credit cards and bank accounts
Mizuho also has invested in Vietnam’s M-Service, operator of the popular payment app MoMo, and Philippine digital-only bank Tonik.
© Reuters
TOKYO — Japan’s Mizuho Financial Group will invest about 17 billion yen ($128 million) in an Indonesian deferred payment business as it seeks to capture demand in a country where few people have credit cards.
Mizuho Bank will purchase preferred shares from Kredivo for a stake of around 10%.
Sponsored Content
About Sponsored Content
This content was commissioned by Nikkei’s Global Business Bureau.
- Take your reading anywhere with offline reading functions
- Never miss a story with breaking news alerts
- Customize your reading experience
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.
Celebrate our next chapter
Free access for everyone – Sep. 30
Find out more
[ad_2]
Source link