In fintech race, Go-Jek app extends consumer credit to offline stores

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MANILA — Leading ride-hailing app grab scored another regulatory victory in the Philippines. Filipinos are growing sensitive to price hikes amid rising inflation. The consumer price index rose 6.4.

Since then, the cash machine has evolved from a standalone, integrated, offline device to a modern machine whose. This difference gives the ATM a distinct advantage over software and fintech.

Ant Financial snatches US$14 billion in its latest funding round, Bitmain eyes a July IPO, and Go-Jek has reportedly been offered a US$1 billion check.

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PayJoy’s technology acts as an added incentive for users to repay their loans. This, in turn, encourages lenders to extend financing to unbanked users with no credit history or other collateral.

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In fintech race, Go-jek app extends consumer credit to offline stores Go-Pay, the digital payment arm of Indonesian ride-hailer Go-Jek, will extend a mobile credit service to brick-and-mortar stores starting next month, laying the foundation for a broader financial business targeting its millions of users.

Go-Jek, Indonesia’s answer to Uber, has acquired three fintech startups as it bids to establish itself as a major digital payments player. The firm has acquired offline payments processing outfit Kartuku, online payments gateway Midtrans, and lending network Mapan for undisclosed amounts.

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PayJoy’s technology acts as an added incentive for users to repay their loans. This, in turn, encourages lenders to extend financing to unbanked users with no credit history or other collateral.

Some anticipate that super apps Grab and Go-Jek will. subsidy rat race likely lies in the proliferation of e-money. AD. Remove this ad space by subscribing. Support independent journalism. Both.

In fintech race, Go-Jek app extends consumer credit to offline stores PayLater marks ‘beginning’ of more financial services for Indonesia’s unbanked SHOTARO TANI, Nikkei staff writer June 03, 2019.

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In fintech race, Go-Jek app extends consumer credit to offline stores In fintech race, Go-Jek app extends consumer credit to offline stores Indonesian’s insurance firms look to go digital to tap into millennial market vietnam’ s transport ministry wants to treat ride-hailing firms like taxis until law enacted