Gojek may unlock SE-Asian fintech trove for Facebook, PayPal

Singapore

INDONESIAN ride-hailing firm Gojek is working with its latest investors, Facebook and PayPal, to beef up its payments and food delivery offerings.

These tie-ups signal a shift in how global tech giants are working more closely with local incumbents to access the fintech opportunity in emerging markets, rather than competing directly, industry observers told The Business Times.

On Wednesday, Gojek announced that it bagged an undisclosed sum from Facebook and PayPal as part of its ongoing round of fundraising. According to a mid-March Bloomberg report, Gojek had r…

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