Indonesian bank BTN to pick minority stake in e-wallet LinkAja via new VC fund entity

State-controlled lender Bank Tabungan Negara or BTN is planning to set aside Rp 130 billion to Rp 135 billion ($9.48 million) to purchase a minority stake in Fintek Karya Nusantara or Finarya, the operator of e-wallet service LinkAja, a BTN executive told reporters on Monday.