Indonesian e-wallet DOKU has joined partnership with the global blockchain money transfer network OKLink, in a move to offer digital wallet as a payout option. The partnership will enable over 100 partners in the OKLink network to provide their end customers with cheap, real-time money transfers to Indonesia.
“We are very pleased to welcome our partnership with OKLink. Access to cash-in points is essential to extend our global reach. Through this partnership we hope more customers will enjoy the convenience of sending their money home via DOKU,” Lukman Hakim, Senior Manager of Cross Border Remittance at DOKU, said.
The DOKU e-wallet allows consumers to top up their account via ATM, through cash at selected convenience stores, or by linking it up with their credit card, the release stated. This can be used to make online purchases and other bill payments without the use of a credit card or a bank account.
OKLink allows transfer companies worldwide to send money in real-time to 122 Indonesian banks for only 0.5%, which is significantly lower than other incumbents.
With the partnership, companies on the OKLink network can make transfers to a DOKU Wallet for remittances to Indonesia. Recently, the blockchain network announced that it will subsidize all fees on the first US$100,000 of cross-border transfers for every partner on the OKLink network, up to a total of US$100 million.
“We are thrilled to work with Lukman and the entire DOKU team on this partnership. It’s eye-opening to see how quickly mobile payouts are capturing the developing market. In Indonesia, we are excited to now offer real-time mobile, cash, and account transfers to 122 banks. We continue to pursue low cost instant transfers to every payout country in every payout form,” Jack Liu, Chief Strategy Officer at OKLink, said.
