Visa’s investment was during Go-Jek’s ongoing F Series funding round. On Wednesday, Visa Inc stated, it has invested an undisclosed amount in Indonesia’s Go-Jek in the ride-hailing company’s ongoing Series F fundraising round. In a statement the U.S. payment processor said, both companies will collaborate to provide more options for cashless payments for consumers across…
Through this strategic move, Grab is expanding from its core ride-hailing services into other areas including electronic money transfers, loans, payment services and food delivery. Through GrabFresh, it now serves on-demand grocery deliveries. It is targetting revenues of $1 billion by the end of 2018. On Tuesday, in a strategic move that banks on its…
Although this is Uber’s second such retreat from Southeast Asia, the deal suggests that Uber is taking a defensive positioning for a potential counter-offensive especially with its CEO Khosrowshahi gaining a foothold in Grab’s board. On Monday, in a move that marks Uber Technologies Inc’s second retreat from the Asian, the ride services firm has…
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