Indonesia’s online marketplace Tokopedia is putting some of its TokoCash ewallet functions on hold, the firm said in a note to users yesterday.
TokoCash users can still spend the credit they have in their wallet, but starting tomorrow at midnight, can no longer top up.
It’s a roadblock in Tokopedia’s journey to expand the functionality of its ewallet beyond its own platform.
The unicorn startup recently raised a massive US$1.1 billion investment led by Alibaba and has added payments-related features.
Tokopedia says the ewallet freeze is temporary, as the company waits for licenses that need to be granted by the central bank, Bank of Indonesia (BI).
“Tokopedia wants everyone to be able to use TokoCash, including outside of the Tokopedia platform,” the note reads.