In fintech race, Go-Jek app extends consumer credit to offline stores

It also hopes to offer credit cards and corporate financing. "More and more businesses are moving online and increasingly selling their products worldwide," said Liu. "Our vision is to become the.

In fintech race, Go-Jek app extends consumer credit to offline stores Go-Pay, the digital payment arm of Indonesian ride-hailer Go-Jek, will extend a mobile credit service to brick-and-mortar stores starting next month, laying the foundation for a broader financial business targeting its millions of users.

Indonesian ride-hailing app Go-Jek buys three fintech startups.. The firm has acquired offline payments processing outfit Kartuku, online payments gateway Midtrans, and lending network Mapan.

Go-Jek, Indonesia’s answer to Uber, has acquired three fintech startups as it bids to establish itself as a major digital payments player. The firm has acquired offline payments processing outfit Kartuku, online payments gateway Midtrans, and lending network Mapan for undisclosed amounts.

Photo via Tech in Asia Indonesia’s answer to Uber, Go-Jek, has bought three fintech startups as it attempts to establish itself as a major digital payments player. The company has acquired offline Kartuku, a payments processing outfit; Midtrans, an online payments gateway; and Mapan, a lending network for amounts that are undisclosed.

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In fintech race, Go-Jek app extends consumer credit to offline stores paylater marks ‘beginning’ of more financial services for Indonesia’s unbanked SHOTARO TANI, nikkei staff writer june 03, 2019.

but also to the end-consumer. What is the purpose of the loan application, and what is the amount being applied for? Fintech companies leverage this data to direct borrowers on their platforms to the.

Ride-hailing company Go-Jek, one of Indonesia’s fastest growing startups, has acquired three local FinTech firms in the aim of bolstering its position in the country’s digital payments market. Go-Jek launched its epayment platform GoPay this year in the aim of capitalising on the Indonesian ecommerce market – a market that saw $7bn in.

In May, it rolled out its first product: a mobile app called. to-offline consumer product that enables consumers to access a digital credit line for their shopping items like electronics and.

Go-Jek, Indonesia’s first billion-dollar tech startup, has agreed to acquire three local fintech firms as it seeks to expand its grip on the digital payments market. The deals involve Kartuku, a leading offline payments processing company in Indonesia; Midtrans, said to be the nation’s top online payment gateway; and Mapan, a community.

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