Go-Jek’s digital wallet Go-Pay to strengthen its presence in Indonesia


As the mobile wallet market grows in profitability, however, competition is also heating up.

Go-Pay’s largest rival, Ovo, is backed by Singapore-based tech company Grab and is one of the largest players in Indonesia’s digital payment market. State-owned enterprises have also recently collaborated to launch the mobile payment service, LinkAja.

Haryopratomo said he was “excited” by the rising competition.

“I believe the more players in the market, the more partners we can have, actually, that’s the way we think about it,” he added.

To strengthen its position in the market and better serve its consumers, Go-Pay said it is open to partnerships with banks.

“When you’re a player that grows from a very small ride-hailing company to something to become the number one of payments for Indonesia, obviously a lot of banks are going to pay attention,” Haryopratomo said.

“The way that we partner with them is, we find areas where we believe we become a bridge for the bank,” he added. Advertising for banks and connecting them to the large number of Indonesians who do not own a bank account will expand profitability for both parties, Haryopratomo said.



Source link

Products You May Like

Articles You May Like

Walmart launches its first subscription box for apparel with Kidbox
Hyundai aiming for entry level and used car buyers with new SUV
America’s wealthy say Fed-induced stock rally has plenty of life left
BlackRock q1 earnings
Even ‘top earners’ still might not be prepared for retirement

Leave a Reply

Your email address will not be published. Required fields are marked *