Gojek acquires payments startup Moka for US$130mil

A Gojek driver wearing protective masks rides along a road in Jakarta, Indonesia. Gojek is taking advantage of a recent fundraising to cement its position in the country’s digital payments industry. The outbreak of the coronavirus is accelerating a shift away from cash as more people shy away from touching bills and coins. — Bloomberg

Indonesia’s ride-hailing and food-delivery giant Gojek has acquired a mobile point-of-sale startup called Moka for about US$130mil (RM567.45mil) according to people familiar with the deal.

The transaction, which has been under negotiations since last year, was completed about a month ago, said the people, who asked not to be named because the information is private. It hasn’t been announced publicly.

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