In the Philippines, ride-hailing was added to the list of industries when foreign ownership is limited to 40 per cent The Philippines’ Land Transportation Franchising and Regulatory Board (LTFRB) announced on Tuesday that it has rejected the appeal of Indonesian ride-hailing giant Go-Jek to launch a ride-hailing service in the country through its subsidiary Velox […]
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In October 2018, OVO replaced TokoCash as Tokopedia’s official e-wallet feature Several media reports announced that Indonesian e-commerce giant Tokopedia has invested in Lippo Group-backed e-wallet platform OVO. According to a Tech In Asia Indonesia report, an anonymous source said that Tokopedia has acquired an undisclosed amount of shares in OVO. Both companies had declined […]
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