Indonesian money transfer app Yourpay has clarified its legality in Indonesia via social media. The clarification came as Macau authorities recently announced that Yourpay is not legally registered in Macau, hence any Yourpay-related financial transactions carried out in the city are seen as breaking the law punishable by a maximum fine of MOP 5 million.
Many local Indonesians – mostly non-resident workers – feared they were not able to access their Yourpay accounts and the funds they kept in those accounts, prompting the company to make a few responses on a couple of its social media pages.
In one post, Yourpay said in Indonesian language, “… there seems to be a misunderstanding with the media in Macau. Yourpay application is an application with official permit from Bank Indonesia (BI),” the Southeast Asian country’s central bank. Yourpay reassured, “… your money and balance in your Yourpay accounts are safe and will not be gone.”
In another post, a Facebook user asked, “…how about in Macau, why did I see that news the other day?”, to which the company seemed to comment simply with “to top up balance [you] can go directly to the place where you usually top up”. However, when another Facebook user said, “It means [Yourpay] is already legal in Macau, isn’t it?”, there was no further comment.
Furthermore, in a different post, one Facebook user said, “How about Macau? Is it safe [to use Yourpay]? Because, recently, a TDM Macau news article said Yourpay still had no permit [to operate] in Macau.” Yourpay did not seem to respond to this comment.
Photo: Yourpay’s website
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