A Gojek representative declined to comment, while a Moka official didn’t immediately respond to requests for comment.
Gojek is Indonesia’s most valuable startup at US$10 billion, competing more broadly in Southeast Asia with Singapore’s Grab. Gojek co-founder and Chief Executive Officer Nadiem Makarim stepped down in October to join the Indonesian president’s cabinet, while Andre Soelistyo and Kevin Aluwi took over the company as co-CEOs.
Gojek and Moka held discussions earlier this year before Makarim’s departure, but the two sides only recently were able to reach a fundamental agreement.
Gojek has turned to acquisitions in recent years to expand its businesses and build stronger management. Aldi Haryopratomo became chief executive officer of GoPay, Gojek’s in-app digital payments service, after the company acquired Mapan, an Indonesian group-saving network he had co-founded.
GoPay is accepted as a payment method by more than 420,000 online and offline merchants across 370 cities in Indonesia, 90% of which are micro, small or medium-sized businesses.
