Gojek leverages Indonesia's Bank Jago in digital banking fight

It pays 2.25 trillion rupiah to raise Bank Jago stake to 22.2 per cent

Published Fri, Dec 18, 2020 · 09:50 PM

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.

Gojek Indonesia Ride-hailing Digital banking

TRENDING NOW

As semiconductor-related firms invest in advanced manufacturing, the gap between Tampines cleanrooms and Shenton Way ticker tape is narrowing quickly.

Beyond Nvidia: How Singapore is earning its place in the semiconductor value chain

The 10-year government bond yield is relatively lower in Singapore at 2.36%, compared with the 5.2% in Australia and the UK and about 4.9% in the US.

S-Reits an ‘oasis of calm’ amid global bond yield surge: UOBKH

Marco Pagliara, head of emerging markets at Deutsche Bank Private Bank, says Singapore is one of the lender’s largest wealth-booking centres outside Germany.

Deutsche Bank’s private bank seeks experienced wealth teams for deeper push into Asia

Bali’s property market has been on a tear since the pandemic, with the tourism rebound and strong foreign demand driving prices higher.

Can Bali swop beach capital for global capital without the skyscrapers?

Latest T-bills Treasury Bills Results & Interest News Latest SSB Singapore Savings Bonds News Latest COE Certificate of Entitlement News

Latest Johor-Singapore SEZ News Latest BTO Build To Order & Sales of Balance News Latest STI Straits Times Index News Latest SGX Dividends, Share Price News Latest Bonds Market News Latest Singapore Stocks To Buy News Latest Singapore Economy News