Go-Jek partners DBS to offer regional payments

Janet Ong
Finance Editor
Go-Jek bike-taxi drivers wait for customers in Jakarta, Indonesia. (File photo: AP/Achmad Ibrahim)

Indonesia-based Go-Jek is partnering DBS Bank to offer regional payments ahead of the ride-hailing firm’s arrival in Singapore.

Go-Jek, whose investors include Google, Temasek, Tencent and Meituan Dianping, is set to launch in Singapore in the coming weeks, and as part of this, DBS customers in Singapore will enjoy some privileges, the companies said in a statement Monday (12 November).

Go-Jek last month launched a Singapore pre-registration portal for drivers, saying it is planning to start its ride-hailing service “GOCAR” soon. Go-Jek, in May announced plans to invest US$500 million (S$689 million) to expand to Vietnam, Thailand, Singapore and the Philippines.

“We know that people are desperate for more choice in the sector and we believe we can satisfy this demand,” Go-Jek president Andre Soelistyo said. “The response from the driver community since we opened pre-registration has been overwhelming and we are confident that by working with DBS, we will see the same level of excitement from consumers, too.”

Singapore-based Grab acquired Uber’s Southeast Asian business earlier this year. The two companies in September were fined a combined S$13 million by Competition and Consumer Commission of Singapore for their merger.

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