Business & Investment

Gojek invests in Bank Jago to accelerate financial inclusion in Indonesia

Jakarta, Indonesia, December 22, 2020-Gojek, Southeast Asia Leading mobile on-demand services and payment platforms invest in BankJago. Indonesia-Listed technology-based banks as part of a strategic partnership to accelerate financial inclusion Indonesia..

This partnership demonstrates a collaboration between two exciting companies focused on technology. Gojek is a pioneer of “SuperAppli” in Southeast Asia. Jago is an innovative technology-based bank that provides digital banking services to small businesses, consumers and the mass market segment. Indonesia.. In addition, Gojek (and its digital wallet and payment platform, GoPay) have been providing financial services to merchants and drivers since 2017, based on partnerships formed with various Indonesian financial institutions. ..

The ultimate goal of this partnership is for Gojek to provide access to digital banking services through Gojek’s platform, and millions of Gojek users to instantly open a bank account in Gojek through the Gojek app. To help you manage your finances better. This partnership also serves as a model to help Gojek partner with other banking institutions to reach more customers.

Indonesia -52% of adults (about 95 million people) do not have a bank account Home of the world’s fourth largest non-bank account population[1] An additional 47 million adults have lost their bank accounts or have insufficient access to credit, investment and insurance[2] –A big opportunity for companies like Gojek and Jago. With smartphone penetration as high as 70-80%, the population is ready for digital banking in infrastructure.

Investment made through Gojek’s payments and financial services sector means that Gojek owns approximately 22% of Bank Jago. The transaction also does not change control of Jago, with Metamorfosis Ekosistem Indonesia and WealthTrack Technology continuing to be the controlling shareholder of Jago, with a total ownership of 51%.

Gojek Co-CEO Andre Sri Tsuyo, “The partnership with Jago is the latest milestone in our efforts to reduce user daily friction and improve user life through technology. This is an important part of our strategy and long term. Supports the growth and sustainability of your business .. Jago’s technology-based banking solutions enhance Gojek’s ecosystem products and facilitate access to banking services for the mass market, thereby providing finance. It supports a common vision of accelerating inclusion. Indonesia..

“This is the beginning of a new way to provide financial services to Gojek users. Collaboration will enable us to develop processes that can work with other banks. Our goal is to further leverage these partnerships. And finally, create Gojek. The app is a reliable resource for everyone’s financial needs. “

Kharim Siregar, President of Bank Jago, “We are proud and excited to work with Gojek, which has a digital footprint covering millions of consumers and businesses across the country. This is BankJago’s deep expertise and Indonesian It perfectly complements your understanding of financial needs.

“We believe this strategic collaboration between technology-based banks like BankJago and superappli like Gojek is the first of its kind. Indonesia And Southeast Asia And it represents a new way to drive the growth of the digital economy. As a bank designed with open APIs, we work with multiple digital ecosystems to drive the desire to reach more users and strengthen the finances of millions of people through digital financial solutions. I will continue. “

Bank Jago was founded in 1992 by name PT Bank Artos Indonesia.. In 2020, Bank Altos changed its name to PT Bank Jago Tbk As part of the transformation to become an innovative technology-based bank, with the aim of driving the growth of millions through digital financial solutions.



Gojek invests in Bank Jago to accelerate financial inclusion in Indonesia

https://www.theasianbanker.com/press-releases/gojek-invests-in-bank-jago-to-accelerate-financial-inclusion-in-indonesia Gojek invests in Bank Jago to accelerate financial inclusion in Indonesia

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