Bank Jago, a digital lender based in Indonesia, has joined forces with the fintech platform GoPay offer digital banking services to the country’s unbanked and underbanked consumers.
The tie-up with GoPay, a digital wallet and payment platform owned by GoTo Financial, will enable consumers to open a Jago bank account from the Gojek app.
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By GlobalDataIndonesians with a verified GoPay account and the Gojek app can open the fee-free Jago account, which does not have any minimum balance requirement.
The partnership also allows users to move funds between GoPay and Jago without any top-up fee.
Bank Jago president director Kharim Siregar said: “Jago aims to enhance the growth of millions through life-centric digital financial services, and our collaboration with GoPay is tangible proof of this commitment.
“By linking our app – which makes money management simple, innovative, and collaborative – with GoPay’s wide reach, we can provide new benefits and an improved experience for consumers, enabling them to transact quickly, easily and safely in the Gojek ecosystem.”
Additionally, Jago can also connect their Jago pockets to the Gojek app and make digital payments for Gojek services such as transport, food, bill payments among others.
GoPay CEO Hans Patuwo said: “It marks a new phase in our efforts to bring digital financial services to more people, as we provide convenient access to banking for millions across the country and help them kickstart their financial planning journeys.
“We will continue to work with Jago and other financial institutions, leveraging our respective strengths to deliver a truly unique, frictionless financial management experience for consumers from all levels of society.”
Notably, Bank Jago launched a fully digital platform earlier this year becoming the first fully digital bank in Indonesia.