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

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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.

 

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