Home News Bukalapak speaks up about the BukaEmas partner controversy

Bukalapak speaks up about the BukaEmas partner controversy




- Advertisement -

Bukalapak confirmed that it has not been partnering directly with PT Antam for its gold-based investment product

Bukalapak CEO Achmad Zaky during the launch of gold transaction feature BukaEmas. The startup confirmed that BukaEmas is partnering with IndoGold and has not set up a partnership with Antam

Indonesian e-commerce startup Bukalapak confirmed that its recently launched BukaEmas product has not set up a partnership with state-owned mining company Antam, which produces and certified gold bars.

However, the startup declined to give further comments on whether there is a possibility for them to partner with Antam in the future for this investment product.

Previously, as quoted by Kompas, Antam President Director Arie Prabowo Ariotedjo said that the firm has “discovered” Antam-certified gold bars on Bukalapak.

- Advertisement -

Ariotedjo said that the gold bars sold on the platform do have PT Antam stamp and certification, but he stated that BukaEmas does not partner with the firm.

“[There is a partnership] but it was not with PT Antam. We have forwarded our complaints to related parties about this matter,” Ariotedjo stated.

The president director also mentioned that PT Antam is currently looking into the possibilities to sell their gold bars online.

Also Read: Bukalapak to launch gold transaction feature on its platform, expanding fintech vertical

Bukalapak teams up with IndoGold


Bukalapak CEO Achmad Zaky explained to DailySocial that BukaEmas was launched through a partnership with PT Sinar Rezeki Handal, which manages gold trading company IndoGold.

Zaky admitted that there has been a misunderstanding that makes it seem like Bukalapak is working directly with PT Antam.

The system that is implemented in BukaEmas is similar to what IndoGold has implemented. Customers are able to “save” and pay for gold installment with affordable price, starting from IDR3,000 (US$0.22), and there is no need for them to purchase it intact in physical form, with one gram multiplication scheme.

Once the accumulated gold purchase has reached 0.5 gram, customers may apply to have the product delivered in physical form.

BukaEmas is the second investment service that Bukalapak has developed, following BukaReksa.

Three months after its launch, the feature that aims to ease mutual bonds purchase has managed to secure 30,000 customers.

Both services are using BukaDompet as its e-wallet service, and can only be accessed through desktop at the moment.

The article Penjelasan Bukalapak tentang Mitra BukaEmas was written by Amir Karimuddin and first appeared in DailySocial. English translation and editing by e27.

Image Credit: DailySocial

The post Bukalapak speaks up about the BukaEmas partner controversy appeared first on e27.

Source: e27
Follow us on Social Media

Send in your scoops to news@theindependent.sg 

- Advertisement -

Heng Swee Keat steps aside as leader of the PAP’s 4G team after doubts over ‘am I the right person?’

Singapore -- In a letter to Prime Minister Lee Hsien Loong on Thursday (Apr 8), Deputy Prime Minister (DPM) Heng Swee Keat announced his decision to step aside as leader of the People's Action Party's fourth-generation (4G) team. This means that Mr...

Yee Jenn Jong says the volunteers doing food distribution “simply want to make sure the giving continues”

Singapore -- Celebrating one year of community food distribution, Workers’ Party (WP) politician Yee Jenn Jong says that their journey started “Exactly a year ago, on day 1 of the Circuit Breaker”. In a Facebook post on Wednesday (Apr 7), Mr Yee...

Najib says bankruptcy notice meant to disqualify him from becoming next PM after survey ranked him as first choice

Kuala Lumpur—Former Malaysian Prime Minister Datuk Seri Najib Razak claims the authorities are out to get him because a poll showed he is the frontrunner to become the head of state once again. His detractors want him to cease to be a...
Follow us on Social Media

Send in your scoops to news@theindependent.sg