DBS and GO-JEK enter into regional strategic partnership ahead of GO-JEK’s arrival in Singapore

DBS Bank and GO-JEK announced that the two parties have entered into a regional strategic partnership. The partnership will see the two companies work together on payment services ahead of GO-JEK's arrival in Singapore and this will soon extend to other countries in Southeast Asia.

GO-JEK, whose investors include Google, Temasek, Tencent and Meituan Dianping, is set to launch its beta ride-hailing app in Singapore within the coming weeks and as part of this, DBS customers in Singapore will enjoy a slew of exciting privileges.

“As Singapore’s leader in payments with over four million debit/credit cards in circulation and DBS PayLah! being the nation’s most popular mobile wallet, we are committed to making payments simple, seamless and invisible for our customers,” said Tan Su Shan, Group Head of Consumer Banking & Wealth Management, DBS Bank. “In doing so we are stepping up to partner with like-minded companies like GO-JEK, one of Southeast Asia’s most iconic technology companies, to build inclusive digital ecosystems for our customers.”

GO-JEK president, Andre Soelistyo, said: “This partnership makes perfect sense because GO-JEK and DBS are both so committed to providing the best possible consumer experience. By joining forces, we will be able to pool our resources as we focus on making life better for people in Singapore.”

He added, “We are very much looking forward to the launch of our beta ride-hailing service within the coming weeks. We know that people are desperate for more choice in the sector and we believe we can satisfy this demand. The response from the driver community since we opened pre-registration has been overwhelming and we are confident that by working with DBS, we will see the same level of excitement from consumers too."

DBS’ Tan Su Shan will be speaking at the Singapore FinTech Festival’s on Partnerships: The Way of the Future. Join her on Monday, 12 November, 5pm at the Deloitte stage.

GO-JEK’s President, Andre Soelistyo, will be speaking at the Singapore FinTech Festival’s Global Investor Summit: Beyond FinTech. Join him at his fireside chat on Wednesday, November 14, 4pm at the GIC stage.

Re-disseminated by The Asian Banker

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