Company Profiles

DANA in Indonesia: Its Business Model and Competition with GoPay and OVO

Smiling woman in a hijab holding a smartphone against a pink background

Dana has done something none of its Indonesian competitors have managed: it’s built a user base approaching 200 million[1] — roughly 70% of Indonesia’s population[1] — without being embedded inside … Read more

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Company Profiles

GCash: How 94M Filipinos Ended Up on One Wallet

Street vendor in Manila sitting at his stall checking a smartphone

GCash is the Philippines’ most popular e-wallet and the financial infrastructure for a country where about two-thirds of adults lacked a bank account in 2017 and only 50.2% had an … Read more

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How It Works

Digital Wallets in Asia: How They Compete

Customer paying a delivery courier by card and smartphone

Asia-Pacific’s digital wallets processed $36.8 trillion in spending in 2024 (Juniper Research), and the fight for dominance is getting nastier. GCash commands 89% of the Philippines’ mobile wallet market with … Read more

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Asia’s digital markets, every other week. Free.