Yokke and SB Payment Service Forms Strategic Partnership to Strengthen Position as Indonesia’s Leading Payment Service Provider

Jakarta, 02/10 – Yokke announces strategic partnership with Japan-based SB Payment Service Corp (“SBPS”). SBPS is a leading payment service provider in Japan that offers payment services to a wide range of payment businesses, both within and outside the various subsidiaries and affiliated Companies of SoftBank Corp (“SoftBank”). The partnership will further complement Yokke’s comprehensive payment solution in Indonesia.

Seven years since it was first established, Yokke has exponentially grown, serving over 350,000 merchants and over 20 banks and financial institutions across Indonesia. Yokke’s mission remains to provide secure, innovative, and customer-friendly payment solutions that shorten the distance between having an idea and making a living from it.

"We are beyond excited with this partnership because this is joining forces, combining digital payment solution ecosystem from Yokke with SBPS access to global corporations and advanced expertise and cutting-edge technology."

Niniek Rahardja, 2023

Indonesia is predicted to contribute 42% of digital payment transactions across SEA by 2025. As reported by Bank of Indonesia, the digital economic and financial transactions are developing rapidly and driving economic activity. This is supported by the expansion of the digital economy and convenience of the digital payment system, coupled with the rapid growth of digital banking. Yokke and SBPS view this as growth opportunity to further accelerate with even more innovative, effective, and efficient solution for Indonesian payment industry.

Partnership with SBPS is driven with the same passion of making secure, efficient, and effective payment solution available for everyone across the region. SBPS and Yokke will consider bringing advanced technology aspects, such as the utilization of artificial intelligence (AI) for fraud detection, into current Yokke ecosystem. The joint force also aims to accelerate merchant growth through digitalization in the future.

President Director of Yokke, Ms. Niniek S. Rahardja believes this partnership will strengthen and brings more value to the growing payment industry in Indonesia. Yokke attributed its success and exponential growth to our strength in both technological and operational arm with wide network coverage across the archipelago. This collaboration will further accelerate Yokke’s growth.

“We are beyond excited with this partnership because this is joining forces, combining digital payment solution ecosystem from Yokke with SBPS access to global corporations and advanced expertise and cutting-edge technology. The aim is to capitalize this partnership to further expand while also bringing more innovative solution in order to encourage the development of digital payment solutions in Indonesia. The support from SBPS will make our business scalability even stronger,” Niniek said.

"As strategic partners of Yokke, we aspire to provide Yokke's payment solutions to customers worldwide and support its business expansion in Indonesia."

Jun Shimba, 2023

Mr. Jun Shimba, Representative Director & CEO of SB Payment Service Corp., shows high expectations that this partnership will introduce the fast-developing Indonesian market to Japanese companies and allow them to grow together, as well as the possibility of contributing to further development with the advanced technology and experience in the future.

"As strategic partners of Yokke, we aspire to provide Yokke's payment solutions to customers worldwide and support its business expansion in Indonesia. Yokke offers a wide range of payment methods and has the capability to provide both online and offline payment solutions, making it a company capable of meeting the needs of all customers. In the future, we plan to leverage SBPS’s latest technology and expertise in digital payments to drive business expansion in collaboration with Yokke.” said Jun Shimba.

SoftBank has a growth strategy called 'Beyond Japan'. Through this partnership, SBPS aims to provision Indonesian payment services for Japanese companies and other global companies and, in the future, create a modern, cashless society by providing user friendly, secure, and efficient payments.

Yokke and SBPS partnership is in line with Indonesia’s government mission of National Noncash Movement (Gerakan Nasional Non Tunai - GNNT) and its aim to create secure, efficient, and always available payment system and, in turn, facilitate an effective and efficient national financial system across Indonesia with ultimate goal of creating cashless society ecosystem. Since it was established, Yokke has been actively contributing to GNNT movement and accelerate payment system digitalization to maintain economic recovery momentum post COVID19.