In fintech race, Go-Jek app extends consumer credit to offline stores

Go-Jek, Indonesia’s answer to Uber, has acquired three fintech startups as it bids to establish itself as a major digital payments player. The firm has acquired offline payments processing outfit Kartuku, online payments gateway Midtrans, and lending network Mapan for undisclosed amounts.

Even retailers who thrived on their bricks and mortar stores for decades seems to have changed their. to get your products online on your own store. Online marketplaces extend all these facilities.

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On Friday, Indonesia-based on-demand application service and digital wallet platform GO-JEK announced it has acquired three fintech startups. The three fintechs that GO-JEK acquired are Kartuku.

Go-Jek – cheap and ubiquitous online-to-offline commerce; It should be mentioned that WeChat, Alipay, and Go-Jek are not just super platforms, but are super apps as well. They provide a mobile.

Income inequality also swings both ways-on one end, it creates the unbanked millions, but on the other, it means that the middle class and the rich have ample access to offline retail malls, credit cards, and all the trappings of convenience that have hindered the adoption of fintech in some developed markets like the US.

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Consumer Credit in U.S. Rises in April by Most in Five Months. Post By Lewis .. according to theIn fintech race, Go-Jek app extends consumer credit to offline stores Ride-hailing service Go-Jek, Indonesia’s first billion-dollar tech startup, has agreed to acquire three local fintech firms.

The company may consider an IPO and could do so at a higher valuation than Qudian Inc, Yao said. The online provider of credit products sold stock at a valuation of more than $6 billion last month.

Sameer Parwani,CEO and Founder, Coupondunia said, “Very soon we will add retail stores, and are also going to offer offline discount coupons in the FMCG (fast moving consumer goods. Walking the.

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In fintech race, Go-jek app extends consumer credit to offline stores 3 Tips for Recession-Proofing Your Real Estate Investments If you’re truly recession-proofing your real estate business by adding multiple income streams, FreshBooks will save your sanity. But if you’re simply looking to organize your financials for 1 or 2 investment.