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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

Sharanya Pillai

Sharanya Pillai

Published Tue, Nov 10, 2020 · 09:50 PM

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.

The round is joined by three Indonesian h…

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