LandedFinTech AITechnology Licensing / Open-source Release2018SE-043

Ant Group (DANA) · Indonesia

Global South·Southeast Asia·Group: Ant Group

Source: DANA: How Ant Group's Indonesia Wallet Battles OVO (2026)High

How to read these numbers: A purposive, publicly sourced case library, not a probability sample: counts describe the library, not market share. Monetary figures mix investment, revenue and user metrics — treat them as magnitude markers and defer to the verbatim description and source link.

What happened

As a technology and strategic partner, Ant Group has exported to DANA — the Indonesian e-wallet controlled by Emtek and launched in 2018 — system architecture derived from Alipay, the OceanBase distributed database, and credit-scoring technology, supporting close to 200 million registered users, DANA Paylater credit, and QRIS cross-border payments (Malaysia, Singapore, Thailand); in 2023 the two parties jointly launched the SisBerdaya programme to empower women entrepreneurs.

Localisation & innovation

Replicated the Alipay architecture to serve bill-payment and government transfer-payment use cases in lower-tier markets; leveraged Ant Group's cross-border payment rails to enable QRIS cross-border payments.

Structured fields

Host country: Indonesia
Region: Southeast Asia
AI segment: FinTech AI
Entry mode: Technology Licensing / Open-source Release
Entry year: 2018
Deployment status: Landed
Capital direction: China->host (outbound deployment)
Company group: Ant Group

Local partner

Emtek Group

Local private companyNo state linkage recorded

Scale

Close to 200 million registered users (company-disclosed); valuation of approximately USD 1.13 billion (CB Insights, media estimate)

Basis: company-disclosedMagnitude marker: ~1,130,000,000 USD

Monetary fields mix investment, revenue and user metrics. Treat them as magnitude markers only — never sum them across records; defer to the verbatim wording and source above.

Sources & notes

Source: DANA: How Ant Group's Indonesia Wallet Battles OVO (2026)High

Record note: Included on the same basis as GCash: a local e-wallet into which Chinese capital has deeply exported AI, risk-control and database technology. According to Digital in Asia (citing Tracxn), 99% of the controlling entity is held by an Emtek subsidiary, with Ant Group serving as a 'technology and strategic partner'; Ant Group's current specific equity stake is not confirmed in sources consulted this round, though media have historically often referred to it as an Ant-affiliated wallet (inference flag).

Compiled from public reporting and company disclosures. Not legal or investment advice — cite the source link alongside any quotation.

Related records

Other records in the same host country or AI segment, ranked by source reliability and year.

Akulaku

Indonesia·Southeast Asia

LandedSE-041

FinTech AIOther2016

Indonesian consumer-fintech group founded in 2016 by Chinese founders William Li (CEO) and Gordon Hu (CTO); its predecessor Silvrr began in Hong Kong in 2014 providing cross-border remittances for domestic workers. Business spans instalment consumer credit, wealth management and digital banking. The company states that all business operations rely on algorithms and AI, covering account transfers, KYC, risk assessment, anti-fraud and anti-money laundering, with R&D investment exceeding USD 28 million a year (CEO statement, KrASIA, 2 July 2020) — this AI/algorithm attribution rests solely on the founder's own account and has no third-party corroboration. In 2019 Akulaku bought an 8.9% stake in Indonesian commercial bank PT Bank Yudha Bhakti (BBYB) from Gozco Capital for Rp 158 billion, becoming a minority shareholder and committing to staged investment totalling up to Rp 500 billion; the bank was renamed PT Bank Neo Commerce Tbk in 2020. The founder's claimed Ping An Insurance background is removed from the description because its only source is dead (see notes).

Source: Fintech startup Akulaku advances on digital banking in Southeast Asia (2020)Medium