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Faspay, Permata team up on online payments

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Local private payment gateway provider Faspay is cooperating with publicly listed Bank Permata in providing an electronic payment system for the country’s mushrooming online shops. Faspay business development head Eddy Tju said in Jakarta on Thursday that under the cooperation agreement, Bank Permata would provide virtual accounts to be used by buyers to pay for the transactions at any online shops that have registered with Faspay. “Start-up online shops can sign up for the system for free and will only be charged...

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