GARAGE: NEWS ANALYSIS

Consolidation in Indonesia's e-wallet war could reshape Grab-Gojek dynamics

Reported merger discussions between Ovo and Dana could have implications on fintech battle between Grab, Gojek

Singapore

IN RECENT years, Indonesian consumers have been greeted by storefronts adorned with a colourful array of posters screaming about steep e-wallet cashback offers. Unlike Singapore, where such offers are usually in the low single digits, cashback rates there can run as high as 60

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