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New Deal


Announced

Completed

Emtek to create a joint venture with Ant Financial.

Financials

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Tags

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Natural

Joint Venture

digital

Indonesia

Digital Services

Private

Completed

Single Bidder

Private Equity

Synopsis

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Emtek, Indonesia’s leading media and the largest and most diversified digital company agreed to create a joint venture with Ant Financial, a world leading digital financial service provider. A joint venture is created to launch a new mobile platform for payment and other financial services and increase the accessibility of digital financial services in Indonesia. “We are excited to be working with Ant Financial to bring world leading mobile payment solutions and technology to Indonesia. This agreement represents each organization’s strong and long term commitment to provide our users across our digital platforms, the wider Indonesian population and partners, efficient, secure and user friendly payments solutions. Ant Financial has proven know-how in delivering payment and other financial solutions to a large and growing mobile audience in China and enabling its partners globally, and we are looking forward to replicating and creating this success in Indonesia,” Alvin Sariaatmadja, CEO of Emtek.

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