MUFG Innovation Partners Co., Ltd. (MUIP), the corporate venture capital arm and a wholly owned subsidiary of Mitsubishi UFJ Financial Group, Inc. (MUFG), has recently invested in Digital Payments Holdings Pte. Ltd. (OY!) through the MUIP Garuda Fund 1.
Corporate Profile
Name: Digital Payments Holdings Pte. Ltd. (OY! Indonesia)
Date of Establishment: 2017
Headquarters: Indonesia
CEO: Jesayas Ferdinandus
OY! is an omnichannel payment services company that has developed innovative cash and cashless payment solutions that provide businesses with a safe and integrated transaction experience, helping them optimize business efficiency and payment flows in Indonesia. The company allows business clients to receive and send money through features including payment link generation, e-wallet enablement, bulk disbursement and international transfer. It also helps clients to manage cash, a major consumer payment method in Indonesia, through cash deposit machines (CDM) and partnerships with cash-in-transit companies.
MUFG’s partner bank in Indonesia, Bank Danamon Indonesia (BDI), is collaborating with OY! to support the transaction needs of businesses in Indonesia. This includes providing bank pooling services to facilitate real-time settlement to customer accounts for OY!’s CDM solution, and digital payments infrastructure that allow the delivery and receipt of customer funds quickly, conveniently and safely.
Through this investment, MUIP will continue to promote collaboration between BDI and OY! to provide safe and integrated payments solutions to a wider network of businesses.
About MUIP
MUIP was established in January 2019 as the corporate venture capital arm of Japan’s leading financial group, MUFG, to promote its open innovation strategy. MUIP currently runs 5 funds (about USD 650 million in total), making strategic investments in startups globally and driving business collaboration between the startups and MUFG group companies.
For more information, visit https://www.ip.mufg.jp/en/.
About OY!
OY! Indonesia is transforming payment processing by enabling seamless money movement through integrated cash and cashless management solutions, serving businesses across diverse markets. OY! delivers secure and smooth payment experiences that empower businesses to focus on growth opportunities.
For more information, visit https://www.oyindonesia.com/en.
