Jakarta. Online ride-hailing service Grab appointed Ongki Kurniawan as managing director in Indonesia for its online payment system GrabPay, the company announced on Monday (18/09).
"We are excited to have Ongki grow GrabPay in Indonesia and accelerate financial inclusion for Indonesians. The unique nature and size of Indonesia requires world-class expertise and we are convinced Ongki's experience spanning telco, payments, social media and commerce will add invaluable depth and strong local leadership to our Indonesia team," GrabPay head Jason Thompson said in a statement on Monday.
He added that Ongki's deep understanding of the national market will help transform GrabPay into Indonesia's most relevant and widely used mobile payments platform.
"I share the same passion as Grab in helping Indonesians benefit from the digital economy through innovations made here in Indonesia. GrabPay‟s vision to bring everyone into the digital economy – from the emerging middle class to small businesses across the country – is one that will help make Indonesia Southeast Asia's largest digital economy, and I look forward to being a part of that journey," Ongki Kurniawan said.
Ongki will work alongside local engineers at Grab's research and development center in Jakarta, as well as expand the company's network with partners to develop payment solutions for Grab Indonesia's consumers and merchants.
Ongki previously served as managing director of LINE Indonesia, a local arm of Japan's Line Corporation. He also served as chief digital officer at XL Axiata, Indonesia's second largest mobile telecommunications operator.
Ongki holds a bachelor's degree from the Bandung Institute of Technology (ITB) in electrical engineering and a master's degree in finance and accounting from Haas School of Business at UC Berkeley.
Earlier this year, Grab made a commitment to invest $700 million in Indonesia by 2020 to expand its business in the Southeast Asia's largest economy.
Grab also aims to develop five million micro-entrepreneurs in Indonesia by 2018 and to expand the number of local engineers and technical assistants hired by Grab.
The company will also invest more than $100 million in companies that focus on strengthening financial inclusion for lower- and middle-class residents.
The company will focus on expanding its mobile and financial services sector, especially to serve smaller cities in Indonesia which have yet to enjoy the benefit of the digital economy. The fund will also help entrepreneurs market their products with capital investments and technical assistance from Grab.
Meanwhile, Grab also acquired Kudo, an online to offline payment platform in May this year for an undisclosed amount to improve Grab's e-payment service.
The Jakarta Globe and Grab are both affiliated with the Lippo Group.