Indonesia Digest: Bank Jago, GoPay integration; RedDoorz to double properties in 2022

Customers can open a Bank Jago account from Gojek app. (Photo courtesy of Bank Jago and GoPay)

Indonesia’s Bank Jago has launched its service on the ride-hailing Gojek platform while hotel management and booking platform RedDoorz targets to double its properties next year.

Indonesia’s Bank Jago now live on Gojek platform

Indonesia’s digital lender PT Bank Jago Tbk and GoPay, a digital wallet and payment solution platform under GoTo Financial, on Thursday, announced service integration, enabling users to open a Jago bank account directly from the Gojek application.

Bank Jago president director Kharim Siregar said, during a press conference, the integration between GoPay and Bank Jago has just begun and more services will be announced later.

While GoPay has always been part of the ride-hailing Gojek ecosystem, Bank Jago entered the picture after Gojek, through its payments and financial services arm GoTo Financial, and GIC Pte acquired a stake in the lender.

RedDoorz targets to double properties in Indonesia in 2022

Hotel management and booking platform RedDoorz is looking at doubling the number of its properties in Indonesia in 2022, an executive said on Thursday.

RedDoorz currently has more than 3,000 properties in Southeast Asia, including 2,600 properties in Indonesia. The hotel booking service is available in 200 cities, including suburban areas, across Southeast Asia.

“We are thrilled to see a positive movement in the travel industry in Indonesia as reflected on our growth as well as our property owners. The pandemic might have been the most challenging period faced by our industry to date … [RedDooz] is poised to become one of the biggest affordable hotelier brands in Indonesia by doubling the number of properties in 2022,” RedDoorz VP (operations) Adil Mubarak said.

RedDoorz founder and CEO Amit Saberwal said, during the Indonesia Economic Forum seminar, the company survived the pandemic by taking hard decisions early, decisively, with humility.

“I think the first thing we did was we brought the team together and gave them the exact lay of the land,” Saberwal said. ”

“I think one of the best decisions we took was that we moved very quickly. And the second thing we did was when we did a salary cut, we told our employees exactly the parameters they need to work on for all of us to get our salaries back, to be very transparent,” he said, noting that the worst is behind for the company.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.