Gojek acquires mobile POS startup Moka

Thursday 23 April 2020 09:37 CET | News

Indonesia’s ride-hailing and food-delivery company Gojek has acquired the mobile POS startup Moka for about USD 130 million, according to The Star Online.

Allegedly, the transaction, which has been under negotiations since 2019, was completed about a month ago.

Gojek is taking advantage of a recent fundraising to cement its position in the country’s digital payments industry.

Moka, which is present in more than 100 cities across Indonesia, provides POS and payments services to owners of more than 35,000 restaurants, coffee shops and retail outlets. The Moka app, which can be downloaded to a tablet or smartphone, lets merchants accept debit and credit cards or mobile wallets like WeChat Pay and GoPay. It also provides analytics to help track sales and inventory, run loyalty programmes and manage employees.

Gojek said in March that it had raised USD 1.2 billion for expansion, defying tech-sector turbulence and the coronavirus pandemic.

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Keywords: Gojek, super app, mobile PoS, acquisition, Moka, Indonesia, startup, ride-hailing, food delivery
Categories: Payments & Commerce
Countries: Indonesia
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Payments & Commerce

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