The Business Times
business-time-50

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

google-preferred-sourceAdd BT as a preferred source
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.

    GrabGojekIndonesiaFintech

    TRENDING NOW

    This comes after a Citi note that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS, OCBC and UOB shares hit all-time highs as sentiment improves

    The eligible projects include Sun Group’s developments linked to the Asia-Pacific Economic Cooperation summit in Phu Quoc in 2027.

    Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects

    Recent cuts at e-commerce platforms such as Shopee is signalling shifting business priorities.

    E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement

    In hiring for AI-fluent users, companies will do well to better define and test applicants on their capacity for human oversight.

    Employers want AI-fluent employees. Hiring them is the challenge

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More