BankingBusiness

Gojek: Buys stake in Indonesian bank

  • Gojek a Super App. It’s one app for ordering food, commuting, digital payments, shopping, hyper-local delivery
  • Indonesian ride-hailing app Gojek bought a 22.1% stake in local bank Jago
  • The aim of providing digital banking services on its GoPay mobile platform
  • Bank Jago is one off the smallest banks in Indonesia, ranking just 45th in terms of total assets
  • Gojek paid close to $200 million for its stake in the business
  • The ultimate aim of this partnership is for Jago to provide access to digital banking services through Gojek’s platform
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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