Business Maverick: Facebook, PayPal Back Gojek’s Asia Digital Payments Push

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 84%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Facebook Inc. and PayPal Holdings Inc. are investing in Gojek, a big boost for the Indonesian startup’s digital payments business that propels the U.S. companies into a fast-growing Asian internet arena.

of India’s Reliance Jio. It plans to build a commerce and payments business around WhatsApp, on top of letting businesses use the messaging service to interact with customers.

“WhatsApp in particular can be instrumental in creating a more digital Indonesia by bringing more people into one of the fastest growing digital economies in the world,” WhatsApp Chief Operating Officer Matt Idema said in a blog. The company didn’t specify how much it is investing and a spokesperson declined to share details.

Gojek and Grab aim to become Southeast Asian consumers’ default, all-purpose app, similar to Tencent’s WeChat. Gojek has drawn hundreds of thousands of merchants to its platform, providing them with access to more than 170 million users across the region.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: CoStock Rally Extends; Dollar Lowest Since March: Markets WrapThe global rally in stocks showed no signs of abating Wednesday as investors continued to bet on a quick economic recovery from the coronavirus pandemic. The dollar hit the lowest level since late March.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: OPEC+ Edges Closer to Compromise to Extend Deepest Ever CutsOPEC and its allies edged closer to a consensus on extending production cuts to prop up the oil market, even as wrangling continued for a third day about whether to bring forward their next meeting. $100 oil price by the end of the year?🤔
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Hong Kong Stocks See Relief Gains; Dollar Slips: Markets WrapStocks in Asia nudged higher, with Hong Kong jumping at the open after U.S. President Donald Trump on Friday stopped short of specifying tough sanctions over China’s new national security law for Hong Kong.
Source: dailymaverick - 🏆 3. / 84 Read more »

BACK TO WORK | Courier company with 90 branches countrywide set to shut downAs the lockdown eases and more South Africans go back to work under level 3 on Monday, many jobs hang in the balance, including those in the construction and courier businesses. not fake news CyrilRamaphosa runs THE BIGGEST IDIOT TEST IN AFRICA called SA - please provide prove that this National Covid 19 Command Council of destruction and Poverty creation is a legal constitutional body, then we will listen ? someones puppet not for the people of SA
Source: TimesLIVE - 🏆 28. / 59 Read more »