Blocking PayPal Very Disadvantageous to Indonesians: Indef - News En.tempo.co
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Blocking PayPal Very Disadvantageous to Indonesians: Indef
TEMPO.CO , Jakarta - The Institute for Development of Economics and Finance (Indef) lamented the Communication and Informatics Ministry's executive to block a number of sites and apps on July 30, 2022. The blocking of Paypal, in particular, is a major loss for the Indonesian country, it said.
"The ones at a loss are the country of Indonesia, because compared to other global payment regulations such as Google Pay and Alipay, the number of Paypal users in Indonesia is quite high," Indef's head of the Interior for Innovation and Digital Economy, Nailul Huda, said on Monday, August 1st.
Nailul said that 50 percent of global software transactions use Paypal. If the ministry continues to block Paypal, the Republican will be very disadvantaged because they cannot use the most popular payment service worldwide.
"Many global financial transaction doings use Paypal for payments. Referring to Statista, many global software payments use Paypal as well, message that Paypal has a very high bargaining power," said Nailul.
Blocking PayPal, Nailul argues, makes it very difficult for Indonesians to pay for official apps made by developers. Moreover, none of the global digital payment infrastructure cooked by Indonesians are ready to take on this service.
"It is unclear what the government is offering. Our e-wallets cannot be used overseas. This means we are persons told to go back to using the global interbank second service, which is long and inefficient. We are requested to move 3 to 5 steps backwards," Nailul said.
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SRC: https://news.google.com/__i/rss/rd/articles/CBMiWmh0dHBzOi8vZW4udGVtcG8uY28vcmVhZC8xNjE3OTU2L2Jsb2NraW5nLXBheXBhbC12ZXJ5LWRpc2FkdmFudGFnZW91cy10by1pbmRvbmVzaWFucy1pbmRlZtIBAA?oc=5
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