SkyTeam Xendit: In Beta Mode in Indonesia
SkyTeam Xendit’s solution to expensive and slow reimbursement practices has gained traction in Indonesia. Contrary to the standard use of cash, IOUs and bank wire transfers, Xendit allows users to connect their debit cards to their cellular devices, creating a mobile wallet. In four simple steps, users are able to transfer money from different banks and different currencies.
A Southeast Asian payments blog writes about Xendit’s unique focus on peer-to-peer payment solutions as the product itself, and not, commonly, a feature of a larger product. The final version of the mobile wallet is projected to be introduced next month and be available for both Android and iOS.
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