Gojek leverages Indonesia's Bank Jago in digital banking fight

Singapore

GOJEK has spent 2.25 trillion rupiah (S$215 million) to up its stake in Indonesia's Bank Jago to 22.2 per cent, which observers say could give the former significant access in order to leverage the digital bank's products and services.

Through this deal, Gojek's Indonesia users will be able to open a bank account through its app with Bank Jago and manage their finances, the ride-hailing operator said in a statement on Friday.