Our goal is to become the largest financial and payment services group in Southeast Asia. Since then, it has become a gateway to a wide range of financial products and services, making it easier for millions of Indonesians to access digital banking, microcredit, investment and insurance services. In 2019, Gojek was included in the Fortune list “Change the World” via GoPay. More and more drivers are saving the money they receive from their customers’ digital payment to their GO-PAY accounts instead of withdrawing the money they earn at the end of their working day. A handful of them are now saving some money from day-to-day work on their GO-PAY accounts and are instead using the service to buy groceries or pay their bills. GoPay is a digital payment system developed by Gojek to make it easier for the users of the application to carry out transactions such as paying for food orders such as GoFood or other services.
Then you need to enter a local address and your current location. Some of the nearby places where I can pay with Go-pay.’Recharge’ offers you several ways to add funds to your wallet balance. For example, if you make money through Go-Pay, if you are a driver, you can theoretically store go-pay balances and spend them from there without having to go through a real bank account. This will not replace formal banking, but it can form an alternative ecosystem that exists together with banks for certain types of transactions. GoPay is not alone in the Indonesian digital payment services sector.
After successful replenishment of the balance, your GoPay can be used for various transactions on Gojek. In addition, it also allows you to make digital transactions on the marketplace in cooperation with Gojek or physical stores that provide payment tools with Gopay. Therefore, for users who do not have digital payment instruments, one option is to create a GoPay account. GO-PAY Wire Transfer is another amazing feature that allows GO-PAY users to simplify their daily life.
In December 2016, market research firm JakPat mobile surveyed Internet users in Indonesia about their use of “digital cash,” defined as a prepaid and rechargeable digital payment method that includes apps and payment cards. It was found that GoPay has the fourth highest usage rate among users of digital cash at 27.1%. YOGYKARTA-GoPay is a digital payment tool that makes it easier for users to make purchase and sale transactions. Users can install the Gojek app on their mobile phones and create an account to use GoPay. Then similar partnerships were established, not only with convenience stores and pharmacies, but also with MSMEs.
Multiply this by 2 million GOJEK driver partners and more than 300,000 MSME dealers, and it can easily become a solution for Indonesia to improve financial inclusion. Consumers load money into their GoPay wallet through cash payment to Gojek drivers, ATMs, SMS or online banking and pay simply by confirming the order and entering their PIN. A post-payment service is also offered, in which all transactions are combined into a single invoice, which must be paid at the end of the month. With a verified GoPay account and the Gojek app, no fees or minimum balances are required to open a Jago bank account.
Jago’s pocket feature allows customers to manage their savings and expenses by creating fund pockets for various purposes, such as daily necessities, holiday savings, shopping and more. These bags can also be created to share savings and expenses with family and friends. After the limited slot via gopay public offering of Phase II, the total ownership of MEI and WTT amounts to 41.49%. The entry of institutional investors – Gojek through its payment and financial services branches GoTo Financial and GIC Pte – also strengthens Bank Jago’s portfolio of innovative financial solutions.
And as more and more customers choose GO-PAY, GOJEK Driver’s partners are motivated to open the digital account to accept payments. At the same time, consumers are increasingly willing to use financial services, with 1 out of 4 GoPay users interested in opening a bank account through GoPay, according to the same study. GoPay Digital Wallet is working with Bank Jago, the Indonesian technology bank, to work on a leaner digital banking to help the large number of people without and without a bank account in the country, according to a press release. Within the framework of the partnership, the Gojek application will make this possible… UNSGSA for Inclusive Development Finance has recognized the progress that GOJEK has made in enabling digital financial inclusion in Indonesia.
Although it is still minor, the change is a change, no matter how small. Be Digital or Not be Digital When GOJEK was launched in 2010, it had only 10 driver partners and no presence in the financial services sector. For direct deposit, funds can be transferred to your bank account daily. There are no additional fees from the game managers if the direct deposit is used as a payment method. It may take 1-2 business days for your payment to appear on your bank statement.