Indonesia’s Gojek is understood to have acquired a majority stake in Vietnam-based payments startup WePay Payment Services Co Ltd to secure the licence it needs to operate an e-wallet in the country.
WePay offers payment services that support transactions through bank cards, credit cards, its own e-wallet and SMS. It claims to have partnered with four international card issuers, 24 local banks and over 1,000 merchants for its e-wallet services.