June 5

Viewpoint: Facebook Invests in Gojek to Drive Financial Inclusion & Businesses

By Saipriya Iyer

Facebook has reportedly invested in Gojek, a ride-hailing & food delivery company in Indonesia, with an undisclosed sum.

Matt Idema, chief operating officer of WhatsApp, has stated that the two companies share the goal of driving the financial inclusion and empowering businesses across the archipelago, which will be supported by the recent investment. The collaboration of the social media and technology giant with Gojek will influence several people in the accelerating digital economy in Indonesia, in addition to the services offered previously. These services include offering a link between small businesses and customers as well as improving sales.

Photo courtesy of Abd allah Foteih.

Source: Algosonline (link opens in a new window)

digital payments