Higher revenue, lower costs help LinkAja narrow Ebitda loss in turbulent 2022

Indonesian digital wallet LinkAja grew revenues and trimmed expenses in 2022, on the back of efforts to strengthen business fundamentals, despite a turbulent year marked by management changes and layoffs.

LinkAja, in a statement last week, said it managed to increase revenue by nearly 30% and slash its operational expenses by over 50% in 2022, compared with the previous year.

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