Indonesia plans fixed fees for e-wallet transactions

A sign of OVO payment is seen at a mall in Jakarta, Indonesia. — Reuters

Indonesia plans to impose fixed fees on some e-wallet transactions, five people familiar with the matter said, in a move that could choke a key revenue stream and raise costs for payment startups backed by the likes of Alibaba's Ant Financial.

Providers of e-wallet services in South-East Asia's largest economy currently customise fees for vendors, charging a premium from big retailers and absorbing costs for smaller merchants in an effort to get them to use their platforms.