OVO, officially a product of PT Visionet International, is a digital payment service based in Jakarta, Indonesia. It was established in 2017 with an e-money license from Bank Indonesia, and in 2019 was Indonesia's top digital payment service.[1] Owned by Grab and local investors,[2] in 2019, OVO became Indonesia's first finance-tech business unicorn.
History
OVO was founded by Lippo Group and received permission to operate as a fintech company throughout Indonesia on 25 September 2017 with an e-money license for Bank Indonesia.[3] OVO is a product of PT Visionet International, which is the digital financial services subsidiary of the Lippo Group.