GoPay partners Jago for financial inclusion in Indonesia

The service is available to all consumers in Indonesia with a verified GoPay account and the Gojek application, with no fees or minimum balance required to open a Jago bank account. Once their accounts are opened, GoPay Jago users will not have to pay any top-up fees when moving funds between GoPay and Jago.

With only 61.7% of Indonesians having a bank account, according to finance.yahoo.com, GoPay and Jago's latest integration represents an opportunity for both companies to bring digital banking to more people and grow financial inclusion. This is supported by a recent study by the Demographic Institute of the University of Indonesia (LDUI), which showed that 1 in 5 GoPay users currently do not have or use a bank account actively. At the same time, consumers are increasingly ready to use financial services, with 1 in 4 GoPay users interested in opening a bank account through GoPay, based on the same study.