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Gojek CEO Nadiem Makarim: We are planning an IPO

TEMPO.CO, Jakarta - Ride-hailing company Gojek Indonesia is planning an initial public offering (IPO). Gojek Indonesia CEO Nadiem Makarim made the statement at the Year Ahead Asia Conference held by Bloomberg on Wednesday, December 6.

“We are mulling an IPO; hopefully in the next couple of years,” he said.

Endorsed by investors, including KKR & Co and Warburg Pincus LLC, Gojek will be focusing on expanding its digital payment service Go-Pay in 2018.

Read: Finance Minister Meets Gojek CEO, Discuss Fintech

At present, Gojek adopts Go-Pay as a payment platform for various services, from ride-hailing to ticket purchase.

Nadiem said that the company plans to expand Go-Pay to allow its customers to pay for various goods and services beyond Gojek services.

Read: Go-Jek to Expand in SE Asia, Competes with Uber and Grab

“2018 will be the year of Go-Pay,” he said, adding that the company is focusing on finding local partners that are recognized by both online and offline merchants across the country.

Despite the stiff competition in digital payment service, Nadiem said that Gojek is one of few tech companies to have secured an e-money license, allowing the company to provide e-wallet services in Indonesia.

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