JAKARTA -- Indonesia's Go-Jek has announced an investment in the Filipino payments startup Coins.ph, a week after the country's authorities barred the ride-hailing operator's entry into the Philippines.
Go-Jek announced on Friday that its payments platform Go-Pay will partner with Coins.ph, and as part of the deal the Indonesian company has made a "substantial acquisition of shares" in the Filipino company. Go-Jek's announcement did not reveal the value of the investment, or the percentage of shares it will hold in Coins.ph.
