Go-Jek races to kill cash - Business News - News Summed Up

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Go-Jek races to kill cash - Business News

Since then, the Go-Pay service has grown to account for more than 50% of the company’s transactions, according to chief executive officer Nadiem Makarim. Makarim sees digital payments as a way to stand out from the competition and build a potentially lucrative business. Go-Jek is one of 21 companies that have a digital payments license from Indonesia’s central bank and the only ride-hailing service. Andrew Macdonald, Uber’s regional manager for Latin America and Asia Pacific, said the company sees an advantage in letting customers choose cash, credit cards or digital payment services. “There is no specific plan for Uber Wallet right now.”Still, there’s plenty of competition in digital payment services.

Source: The Star January 12, 2017 00:42 UTC