Electronic payments processor Mobile Credit Payment has launched an app that allows small businesses to invoice customers through social media channels and accept various payment methods.
Merchants throughout Indonesia offering Instapay will use messaging apps such as Whatsapp and Line to facilitate payments. More than 1,000 merchants have signed up to use the payment service during what Sydney, Australia-based MC Payment is calling its soft launch.
The number of Indonesian merchants signing up serves as "a testimony to the platform's accessibility and stability," MC Payment CEO Anthony Koh said in a Thursday press release.
MC Payment will roll out supporting services such as mobile micro financing and installment payments for small businesses in the coming months.
Through that service, businesses can get small loans approved within 24 hours through their mobile phones, Koh said.
As the number of e-commerce merchants expands in Indonesia, Instapay is designed to help small business owners expand into international markets and accept international credit cards. It can also accept credit card payments without website integration.
MC Payment says it is targeting businesses that can benefit from the convenience of Instapay, such as florists and tailors serving the wedding industry, or those selling shoes and fashion accessories online.
Instapay will also operate for small to medium-size hotels and villas, helping those businesses expand their consumer market size.
