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Bank Jago; A Rising Star on the Indonesia Stock Exchange

Bank Jago; A Rising Star on the Indonesia Stock Exchange
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Indonesian Tech Giant Gojek has Reportedly Paid Nearly $160 Million for Shares in Indonesian Bank Jago as Part of Major Fintech Deal

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Indonesian Tech Giant Gojek has Reportedly Paid Nearly $160 Million for Shares in Indonesian Bank Jago as Part of Major Fintech Deal
December 19, 2020 @ 3:59 pm By Omar Faridi
Indonesian tech giant has reportedly paid around $159.5 million for shares in an Indonesian bank (PT Bank Jago) – which is part of a major Fintech deal.
Gojek is competing with ride-hailing app provider
Grab which is also focused on establishing regional Fintech services.
Gojek intends to allow users to open bank accounts with Jago and then manage their money via its app. GoPay, which is Gojek’s payments and financial services division, purchased nearly 1.96 billion shares at 1,150 rupiah per share, according to a recent stock exchange filing. ....

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