GoPay, which began life in 2016 as an app to enable frictionless payment transactions between the drivers and passengers of the Indonesian ride-hailing app Gojek, is fast evolving into a provider of more comprehensive financial services.
On Wednesday, GoTo — the entity formed from the merger of Gojek with online marketplace Tokopedia in 2021 — announced a new feature called Gopay Tabungan by Bank Jago, which allows GoPay users to shift their e-wallet balance to their Bank Jago accounts. Bank Jago is a domestic lender in which GoTo owns a 21.4% stake.