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Grab expands into Indonesia e-payments, taking battle to Go-Jek

Stake in Lippo's Ovo opens latest front between Southeast Asia's ride-hailing rivals

Indonesia is the biggest ride-hailing market in Southeast Asia, and is home to Grab's main rival,Go-Jek.

JAKARTA -- Top Southeast Asian ride-hailer Grab has invested in Ovo, an Indonesian digital payment platform developed by local conglomerate Lippo Group, sources told the Nikkei Asian Review.

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