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Go-Jek

FintechNews Roundup
·Dec. 15, 2017

Go-Jek Acquires Fintech Startups

 Go-Jek is an Uber competitor and is now looking to lead in the payments sector in Indonesia; the company purchased offline payments service Kartuku, payment gateway Midtrans and a saving and lending firm called Mapan. Source

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Asia/PacFintechNews Roundup
·Sep. 6, 2017

Ride-Sharing and Financial Services

Bloomberg reports on the possibility of ride-sharing companies getting into financial services; Grab is a leading ride-hailing company in Southeast Asia; app users can now start sending credits which are used to pay for rides to other users; by the end of 2017 credits will be able to be used at 1,000 restaurants and retailers, turning Grab into much more of an e-payment platform than just a taxi service; in Indonesia, the 200,000 drivers of Go-Jek can use e-wallets to store their earnings and also spend funds on a variety of services; article also shares innovation in Kenya with M-Pesa as well as China's Alibaba and WeChat. Source

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