Visa Inc said on July 15 it has invested in Indonesia's Go-Jek as part of the ride-hailing company's ongoing Series F fundraising round.
The two companies will work together to provide more options for cashless payments for consumers across Indonesia and South-East Asia, the US payment processor said.
Visa did not mention how much money it was investing in Go-Jek or how big a stake it would acquire.
Launched in 2011, Go-Jek has evolved from ride-sharing to allowing its customers to make online payments and order everything from food to groceries and massage services.
The Indonesian company raised about US$1bil (RM4.14bil) earlier this year and is valued at up to US$10bil (RM41.15bil), according to sources. – Reuters