Gojek to provide digital banking via Indonesian lender

Superapp buys 22% stake in Bank Jago as Grab and Sea gain Singapore licenses

20201219 Gojek

Gojek invested in a local bank with the aim of providing digital banking services on its platform. (Photo by Ken Kobayashi) 

SHOTARO TANI, Nikkei staff writer

JAKARTA -- Indonesia's unicorn Gojek said on Friday it had invested in a local bank with the aim of providing digital banking services on its platform.

The move looks set to spark another battle between its Singapore-based rivals Grab and Sea, who both have digital banking ambitions of their own, having acquired full licenses in the city state recently.

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