About
OVO is an Indonesian e-wallet run by PT Visionet Internasional. Users hold a server-based e-money balance called OVO Cash, topped up by bank transfer or partner channels, and pay by scanning QRIS codes in shops or confirming a payment in the OVO app at online checkouts. Payments also earn OVO Points, a loyalty currency worth 1 rupiah each that can be spent at OVO Zone merchants. OVO was launched in 2017 by the Lippo Group, and Grab became its majority owner in October 2021, when it raised its stake from 39% to about 90% by buying shares from Lippo, Tokopedia and Tokyo Century.
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