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Sea Group firms up digital payments play in Indonesia with Bank BKE acquisition

The deal can be seen as part of Sea Group's ongoing plan to increase customer retention on Shopee by doubling down on ShopeePay.

  • Expansion comes as ShopeePay has started gaining ground in the market.
  • Modalku has partnered e-commerce firm Shopee to offer lending solutions to MSMEs on the latter’s platform.
  • Analysts were positive on the shopping site’s improving metrics. Is Lazada losing ground?

DEALSTREETASIA.COM13 Jan, 2021

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Kenneth Ho

Founder & Director @ BEAMSTART. Just launched a VC fund to accelerate awesome startups.

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