Tokopedia may hold on to OVO stake even after potential Gojek merger, eyes synergy with GoPay

Tokopedia may hold on to OVO stake even after potential Gojek merger, eyes synergy with GoPay

Early backers of Indonesia's first digital wallet unicorn OVO have left the company as Southeast Asia ride-hailing and fintech takes over.

As a merger between Gojek and Tokopedia looks increasingly imminent, talks between the two Indonesian tech unicorns have now expanded to include untangling the complexities posed by OVO. The payments major is partly owned by Tokopedia, and Gojek’s archrival Grab.

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