Indonesia Digest: Bank Jago targets 6m users by year-end; Bank Raya plans rights issue

Indonesia Digest: Bank Jago targets 6m users by year-end; Bank Raya plans rights issue

A gojek driver in front of Bank Jago's logo

While Gojek-backed digital lender Bank Jago is targeting at least six million customers by the year-end, state-owned Bank Rakyat Indonesia’s subsidiary Bank Raya is planning to seek shareholders’ approval to conduct a rights issue.

Bank Jago lines up new products

Gojek-backed digital lender Bank Jago is targeting at least six million customers by the year-end as it charts out new initiatives to attract more users, a top executive said at a public expose on Wednesday.

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