trending Market Intelligence /marketintelligence/en/news-insights/trending/NBSTOqMuQJlqPZTRvDRVkQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Report: Indonesia's Go-Jek close to buying mobile payment startup Moka


Q&A: Navigating Climate Risk as a Financial Risk


Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain


Fintech Intelligence Newsletter: February 2021


Episode 5: The Future of Work - The World of Workforce Experience and Productivity

Report: Indonesia's Go-Jek close to buying mobile payment startup Moka

Indonesian ride-hailing company PT Go-Jek Indonesia is nearing a deal to acquire mobile payment startup Moka for at least $120 million, Bloomberg News reported Dec. 11, citing people familiar with the matter.

Moka is a point-of-sale application that businesses, including restaurants and retail stores, can use to streamline payments, manage staff, receive customer feedback, as well as track sales and inventory.

Go-Jek held talks with the startup earlier this year but the companies were able to reach an agreement only recently, according to the report.

Go-Jek and Moka did not immediately respond to S&P Global Market Intelligence's requests for comment.

Aside from its core ride-hailing business, Go-Jek offers electronic payment and remittance services through its GoPay business. The company's co-founder and CEO stepped down in October to be part of the Indonesian cabinet.