Silicon Valley-based browser developer Fulldive enters Indonesia through partnership with digital payment GoPay

Fulldive, a Silicon Valley-based developer of browser applications and VR technology, today announced the formation of a payment partnership with GoPay, Indonesia’s digital payment provider owned by gojek, to launch the Fulldive Browser in Indonesia.

Under the agreement, GoPay payment platform will be Fulldive’s first payment solution provider for the Indonesian version of the app. This partnership will enable Fulldive to serve Indonesian users by leveraging GoPay payment technology.

Fulldive is an innovative web browser application and virtual reality (VR) technology platform, with a vision to bring freedom and welfare to every web user. The Fulldive Browser incorporates the most popular elements of a browser app with a rewards programme, allowing users to earn Fulldive coins for their interactions and time spent on the app to be redeemed for gift cards, game points, cryptocurrency, and charity funds to support the fight against COVID-19.

Through this partnership with GoPay, Indonesian users can redeem the rewards on Fulldive Browser through GoPay and access products and services offered by GoPay, such as transportation, food, and even prepaid phone credits.

AI marketing technology platform EternityX makes an entrance to Singapore, opening Southeast Asia-focussed office

Chinese AI marketing platform EternityX has expanded to Singapore, naming Richard Andrew as Managing Director, Southeast Asia, and Australia. Andrew will be responsible for driving Southeast Asia and Australia’s strategy and business expansion, helping marketers to target the complex China digital market, as China begins its post-COVID-19 recovery.

Also Read: How a startup founder in China tackled the COVID-19 crisis –and what you can learn from him

It also appointed Armay Guo as Regional Business Development Head SEA, working alongside Andrew.

EternityX is headquartered in Hong Kong with offices in Beijing, Shanghai, Guangzhou, New York, and now Singapore. In 2018, it grew out of Chinese marketing firm BiddingX to enable agencies and brands to effectively reach hundreds of millions of Chinese consumers in a cost- and time-effective manner using AI-powered performance-driven algorithm and connect global brands and agencies with Chinese consumers in real-time through targeted premium sites and apps.

Indonesian online food ingredients platform Stoqo ceases operations

Stoqo Teknologi Indonesia, Jakarta-based fresh ingredients supplier platform that facilitates food outlets, has closed down its operation due to COVID-19 pandemic that severely impacts the economy.

On its website, Stoqo releases a statement that it is forced to shut down operations after COVID-19 pandemic slashed its income, as reported by Bloomberg.

With Indonesian governments restricting social activities and movements has begun to impact the country’s economy and job security, Stoqo becomes the latest startup to come to a decision to close down operation completely as it can no longer survive.

Founded in 2017 by former McKinsey & Co. associate Aswin Andrison and former software developer at Amazon Angky William, Stoqo seeks to streamline food supply chains by sourcing and delivering ingredients to small restaurants. Just last year, it managed to serve tens of thousands of food outlets across Greater Jakarta, showcasing seven-fold growth in business.

Indonesia plans to support more than 53 millions small companies with interest payment subsidy

As part of the stimulus efforts to help support Southeast Asia’s economy, Indonesian finance minister Sri Mulyani said it will subsidise interest payments for more than 53 million small companies.

As reported by DealStreetAsia, the country counts on small companies as the backbone that sustains more than half of Indonesia‘s gross domestic product and provides many jobs in the country. The government said it commits to help pay a portion of the interest for loans of up to IDR10 billion (US$655,308) taken out by micro, small, and medium enterprises (MSMEs), provided by banks, the state pawnshop chain Pegadaian, or other financing companies.

Also Read: Report: Indonesia’s digital economy development occurs only in urban areas as disparity continues

Furthermore, a total of IDR271 trillion rupiah (US$17.76 billion) of loans may benefit from the programme. With the policy kicking off, lenders may have to restructure loans and delay principal payments by up to six months for debtors to get subsidised.

Besides the subsidised interest, other economic stimulus the government has already announced include a corporate tax cut and an import tax break.

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Image Credit: Edi Kurniawan on Unsplash

The post Morning News Roundup: Fulldive partners gojek’s digital payment arm GoPay, launching its browser in Indonesia appeared first on e27.