Facebook and Google invest in Gojek to boost online payment

This new investment will support Gojek's mission to promote digital economy in Southeast Asia, with a focus on supporting payment and financial services in the region.

With the adoption of digital payments that is expected to accelerate exponentially, the resources support of the world's leading global technology businesses, combined with technology and local expertise of Gojek, will benefit millions of businesses and people in Southeast Asian countries.

Gojek's digital payment service, GoPay, has long focused on improving access to the digital economy for micro, small and medium-sized businesses (MSMEs) - most of which are capital still mainly operating on cash and inability to access capital from the banking system. The latest investment will further support these businesses as they seek to move into digital operations, from street stalls to large businesses looking to strengthen their payment infrastructure. digital.

Since launching the app in 2015, Gojek has digitized hundreds of thousands of restaurant partners on its platform, giving them the opportunity to reach over 170 million users across Southeast Asia. The GoPay digital payment system processes billions of transactions each year and owns the largest electronic wallet in Indonesia. Most of these transactions come from food delivery service GoFood and are being expanded into other areas inside and outside the Gojek ecosystem.

This is also the first time Facebook has invested in an Indonesian-based business, hoping to create new business opportunities for Facebook and its popular Whatsapp service.

As part of the commercial deal, PayPal's payment features will be integrated into Gojek's services, and the two companies will also work together to allow GoPay customers - Gojek's digital wallet. - have access to a network of over 25 million PayPal restaurant partners worldwide.