SINGAPORE (July 17): Visa has invested in Gojek, the mobile on-demand service and payments platform, as part of the latter’s ongoing Series F fundraising round.
Visa and Gojek will also collaborate to provide greater options on cashless payments and more seamless experiences for consumers across Indonesia and Southeast Asia.
This round of funding will support the acceleration of Gojek’s payment services – Go-Pay – across the region. The partnership will see Gojek and Visa collaborating on innovative payment solutions for digital-first consumers and Southeast Asia’s unbanked and underserved population.
Andre Soelistyo, president of Gojek, says, “We’ve been humbled by investor support over the course of our current fundraising round as they have truly shown confidence in our longterm vision of powering the next phase of technology-enabled growth in Southeast Asia. Visa’s investment in Gojek is an endorsement of our business model and reflects their belief in Gojek’s ability to improve the lives of people across the region through our services and payments ecosystem.”
Chris Clark, regional president Asia Pacific of Visa, says, “We both want to make everyday life more convenient, whether it’s how people move around town in Southeast Asia’s fast-growing urban areas, or making it easier for people to pay and be paid all over the world. We also have a shared goal to bring formal financial services to the unbanked and underserved, including micro, small and medium businesses. Through this partnership, we will explore ways to leverage the power of Gojek and Visa’s networks to expand financial access in Southeast Asia.”
