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Business deals

Gojek takes stake in top Indonesian taxi group Blue Bird

Deal expands reach of ride-hailer's mobile payment service

A Blue Bird taxi in Jakarta: The company is expanding its partnership with ride-hailing startup Gojek to include payments.   © Reuters

JAKARTA -- Indonesian ride-hailing and payment operator Gojek has bought a minority stake in Blue Bird, the country's leading taxi operator, for 411 billion rupiah ($29.8 million), the two companies said Friday.

The move by Indonesia's most valuable startup goes beyond transport, seeking to boost its mobile payment service, GoPay, as it battles for dominance in the country's booming e-payment market.

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