TNG FinTech Group, Hong Kong-based financial technology company, announces the acquisition of Indonesian based PT WalletKu Indompet Indonesia (WalletKu) for undisclosed amount.

As an engaging platform and technology ecosystem in Indonesia, WalletKu offers a range of digital products, including prepaid mobile phones credit top up, bill payments, hotel, airline, and sports ticket bookings and payments, others, which efficiently facilitate the finance cycle in Indonesia and help bridge with overseas financial systems.

It has recruited over 3 million users and achieved average 27% monthly compounding growth since January 2018.