SINGAPORE (Nikkei Markets) -- Banking giant DBS Group Holdings and smaller lender United Overseas Bank have joined forces with rival ride-hailing apps, intensifying competition in the regional payments space even as technology companies make inroads.
DBS and Indonesia's Go-Jek said on Monday they would work together on payment services ahead of Go-Jek's arrival in Singapore. The strategic alliance will soon extend to other countries in Southeast Asia, they added.
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