Go-Jek acquires three fintech firms as battle for payments heats up

Go-Jek acquires three fintech firms as battle for payments heats up

Nadiem Makarim, chief executive officer of PT Go-Jek Indonesia, sits for a photograph an interview in Singapore, on Tuesday, Nov. 29, 2016. Photographer: Ore Huiying/Bloomberg via Getty Images

Go-Jek, Indonesia’s largest ride-hailing service, Friday said it had reached deals to acquire three local fintech companies to further beef up its formidable payments arm as it aims to consolidate its position as the dominant player in the country’s digital payments space.

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