Grab backs LinkAja in latest twist to e-wallet war against Gojek
This is Grab's salvo against Gojek's GoPay; LinkAja is backed by state-owned enterprises
Add BT as a preferred source
Singapore
THE fierce e-wallet war between Grab and Gojek in Indonesia has gone up a notch, with Grab gaining a stake in an Indonesian e-wallet backed by state-owned enterprises (SOEs).
On Tuesday, Grab announced that it is leading a Series B round of up to US$100 million in commitments into Indonesia's state-backed e-wallet, LinkAja. Grab is a minority investor.
TRENDING NOW
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
Apex court dismisses almost all of the appeals by Envy’s ex-employees over S$38 million of clawbacks
Singapore Airlines plans debut 5-year dim sum bond
Indonesia unveils 26.34 trillion rupiah stimulus to offset external shocks and rupiah slide
