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Indonesian Ride Share App Go-Jek Buys Three Fintechs

Tatjana KulkarnibyTatjana Kulkarni
December 18, 2017
in Banking, Payments
Reading Time: 1 min read
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Indonesian car share app Go-Jek purchased three three fintech startups last week for an undisclosed amount, according to reports. These startups are all focused in the digital payments space: offline payments processor Kartuku, online payments gateway Midtrans, and lending network Mapan.

Andre Soelistyo, president, Go-Jek, told Finextra:

The year 2018 will be the year that Go-Pay will expand beyond the Go-Jek ecosystem, providing secure, convenient, easy and reliable payment services both offline and online.

Established in 2015, the Jakarta-based Go-Jek currently has around 15 million weekly active users.

Read more at Finextra and CNBC.

To learn more about the latest developments in payments and mobile banking, join us on March 5-6, 2018 at the Parc 55 in San Francisco for Bank Innovation 2018. Click here to register.

Tags: Exclusivemobile paymentspayment processorrideshareUber
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