For about a year, those following Indonesia’s convoluted e-wallet power struggle— including us including us The Ken Media giant Emtek wins public markets before Bukalapak’s record IPO Read more —have had one question: Who’s going to pick up Dana? And now we have an answer: only one of the country’s largest business conglomerates, 60-year-old Sinar Mas.

Dana is among Indonesia’s leading e-wallets by market share—the top e-wallets include GoPay, OVO, ShopeePay, etc—with over 13 million 13 million Momentum Works Blooming Ecommerce in Indonesia Part 2.1 : Payments (PDF) Read more active users.