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Indonesia’s 8 per cent cap cost Gojek US$8.4M in a quarter. GoPay covered the bill

GoTo has now reported a net profit for three quarters in a row. Read past the headline, though, and the numbers show a company run by its payments arm, while its ride-hailing business absorbs the cost of a government-imposed fare squeeze. GoTo reported a third-quarter net profit of Rp441 billion (about US$24.6 million), compared with […] The post Indonesia’s 8 per cent cap cost Gojek US$8.4M in a…

Indonesia’s 8 per cent cap cost Gojek US$8.4M in a quarter. GoPay covered the bill

We haven't written up this one. e27 has the full story — the link below goes straight to it.

Read the original at e27.co →

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