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Gojek Indonesia to consult competition watchdog on fintech acquisitions

( December 28, 2017, 08:01 GMT | Insight) -- Indonesia’s Business Competition Supervisory Commission Chairman Syarkawi Rauf says Internet-based ride-hailing service Gojek Indonesia has informally informed the competition watchdog of its plan to acquire three financial technology firms and is looking to consult on the matter, Kompas.com reports.Indonesia’s Business Competition Supervisory Commission Chairman Syarkawi Rauf says Internet-based ride-hailing service Gojek Indonesia has informally informed the competition watchdog of its plan to acquire three financial technology firms and is looking to consult on the matter, Kompas.com reports. The consultation aims to ensure that the move won’t create unhealthy competition. Gojek has proposed buying start-up fintech firms Kartuku, Midtrans and Mapan. The country’s central bank earlier said would review and monitor the transactions as they involved payment services companies, Kartuku and Midtrans....

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