Southeast Asia’s super app Grab is upping its interest in the Indonesian digital payments startup OVO from 39 percent to 90 percent after buying the stakes of Indonesian conglomerate Lippo, Reuters reported, citing unnamed sources. Lippo was instrumental in launching OVO and the eCommerce startup...
A pair of Indonesia’s FinTechs plan to merge in a bid to challenge Gojek’s GoPay, sources told Bloomberg. The potential union would unite Ovo, Indonesia’s giant digital payment service that is backed by Singapore’s ride-hailing giant Grab Holdings, along with Dana, Indonesia’s digital wallet platform,...
Indonesian ride-hailing company Grab wants to overtake its rival Gojek, and has some mergers planned to do so, according to Reuters. The SoftBank-backed company is reportedly looking to merge Indonesian FinTech OVO — in which it owns shares — with Ant-backed DANA. It would buy...
Facebook is in talks with several FinTech companies in Indonesia about bringing mobile transaction services to the country through the WhatsApp chat app, according to a report by Reuters. The company, which recently made a similar foray into India but was delayed due to regulatory...
October 04, 2021
Southeast Asia’s super app Grab is upping its interest in the Indonesian digital payments startup OVO from 39 percent to 90 percent after buying the stakes of Indonesian conglomerate Lippo, Reuters reported, citing unnamed sources. Lippo was instrumental in launching OVO and the eCommerce startup Tokopedia, which is about to seal its own merger deal […]
June 12, 2020
A pair of Indonesia’s FinTechs plan to merge in a bid to challenge Gojek’s GoPay, sources told Bloomberg. The potential union would unite Ovo, Indonesia’s giant digital payment service that...
September 11, 2019
Indonesian ride-hailing company Grab wants to overtake its rival Gojek, and has some mergers planned to do so, according to Reuters. The SoftBank-backed company is reportedly looking to merge Indonesian...
August 20, 2019
Facebook is in talks with several FinTech companies in Indonesia about bringing mobile transaction services to the country through the WhatsApp chat app, according to a report by Reuters. The...
