Bao’s investment profile and providing generous returns. We can imp… to target the right users that match Yu’e Bao’s investment profile and providing generous returns. We can imply that this use case is driving financial inclusion in China, as it entices Alipay users, which is roughly at the size of one-third of China population, to start investing their money into multiple financial instruments.
Most mobile payment services in Indonesia right now are subsidizing every transaction through cashbacks, discounts with merchants, and price cuts to increase usage. This highly competitive market — plus the tight government regulations for mobile payment licenses — in the end will create an oligopolistic market structure, and making it almost impossible for early-stage startups without any prominent backers to enter the market and succeed. Benchmarking to China market, there are only 2 big mobile payment players — Alipay & WeChat Pay — c…
o burn (Go-Jek’s Go-Pay is ba…or goods cashlessly will be very challenging and costly. We can see from Figure 2 that from the top 10 most popular mobile payment brands in Indonesia, almost all of them are backed by big-name investors and/or corporations with a lot of cash to burn (Go-Jek’s Go-Pay is backed by KKR & Warburg Pincus; Grab’s Grabpay is backed by Softbank; Telkomsel’s T-Cash is owned by Telkom Indonesia; etc).