As it nears its launch in Singapore, Indonesian ride-hailing giant Go-Jek today announced a partnership with DBS Bank to work on payment services.
Starting with a focus on Singapore, their partnership will also be extended to other countries in Southeast Asia, where Go-Jek has been speeding up its regional expansion effort.
In a press statement, Go-Jek President Andre Soelistyo said that the company is set to launch the beta version of its app for Singapore market in the “coming weeks.”
“We know that people are desperate for more choice in the sector and we believe we can satisfy this demand. The response from the driver community since we opened pre-registration has been overwhelming and we are confident that by working with DBS, we will see the same level of excitement from consumers too,” he said.
One of the major banks in the country, DBS has over four million credit and debit cards in circulation with its mobile wallet service DBS PayLah! being one of the most popular, said Tan Su Shan, Group Head of Consumer Banking & Wealth Management, DBS Bank.
“In doing so we are stepping up to partner with like-minded companies like GO-JEK, one of Southeast Asia’s most iconic technology companies, to build inclusive digital ecosystems for our customers,” she said.
Go-Jek is backed by the likes of Google, Temasek, Tencent and Meituan Dianping.
The company has been reported to raise another round of funding that may put its valuation to more than US$9 billion.