JAKARTA -- Singapore superapp Grab has taken majority ownership of Indonesian e-payment service OVO, acquiring stakes from Tokopedia and local conglomerate Lippo Group as part of OVO's ownership restructuring.
Business deals
Grab takes 90% share in Indonesian digital wallet OVO
Superapp needs partner to skirt rule against foreign majority e-payment stake
Indonesian e-payment service OVO is now under Grab's control. (Source photos by Dimas Ardian and Reuters)
Read Next
Latest on Business deals
