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Chinese regulators recently underlined their opposition to monopolistic practices and unfair competition.

Policymakers believe that this solution will be fair to both traditional taxis and ride-hailing companies.

The integration has been tested with a number of financial services companies including BNP Paribas, Citi, Deutsche Bank, and Goldman Sachs.

This partnership means that OVO is no longer the exclusive digital payment partner at Grab Indonesia.

The service has already been available in Guadalajara and Monterrey.

It is also piloting a women’s safety program.

The company has ambitions to add functionality to its platform and transform it into a community app for Southeast Asia’s urban millennials.

Tigerhall allows users to learn directly from the top management of established brands in the region.

Valued at USD 3.5 billion the company is aiming for an IPO in a couple of years.

Investors are queuing up to infuse funds in successful entrepreneurs’ second venture in India’s startup ecosystem.