Go-Jek buys three startups to advance its mobile payment business

Go-Jek, the company leading Uber and Grab in Southeast Asia’s largest market, has bagged a hattrick of deals to advance its mobile payment strategy.

Indonesia-based Go-Jek revealed it has acquired offline payment firm Kartuku, payment gateway Midtrans and payment and lending network Mapan for undisclosed sums.The company started out in 2015 offering a ride-hailing service for motorbike taxis, a medium of transport popular for getting around capital city Jakarta’s traffic-clogged streets, but it has since expanded to four-wheeled transportation, on-demand services and payments.Go-Jek claims 900,000 drivers and 15 million weekly active user...