Payments

Gojek will be shutting down its vertical businesses GoLife and GoFood Festivals.

Fintech company Synqa to speed cashless transactions in social distancing era.

Fincy’s service is available in Phnom Penh, Cambodia, where it is fully licensed and accepted at more than 700 merchants and used by over 40 companies for payroll.

Louise Daley, angel investor and deputy CEO of AccorHotels Asia Pacific, will join Split’s board of directors.

OVO’s CEO comments on the quick adoption of cashless payments, the importance of supporting the government, new payment products, and a possible partnership with Facebook.

“We can expect a countermove by Grab,” says SEA Founders’ Tomas Laboutka, following Facebook’s investment in Gojek.

Grab and Mastercard partner to play into Southeast Asia’s increasing adoption of cashless payments and support the region’s underbanked and unbanked individuals.

It’s Facebook’s first investment in an Indonesia-based business as it seeks to create new opportunities for its ubiquitous WhatsApp service.