Indonesia’s 8 per cent cap cost Gojek US$8.4M in a quarter. GoPay covered the bill

T2Covered by 1 source · first reported by SEA: e27 / Vulcan Post at 30 Oct, 01:00 UTC

GoTo has now reported a net profit for three quarters in a row. Read past the headline, though, and the numbers show a company run by its payments arm, while its ride-hailing business absorbs the cost of a government-imposed fare squeeze. GoTo reported a third-quarter net profit of Rp441 billion…

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Sources

• T2Indonesia’s 8 per cent cap cost Gojek US$8.4M in a quarter. GoPay covered the billSEA: e27 / Vulcan Post30 Oct, 01:00