Visa Invests In Go-Jek Coordinating to Offer Cashless Payments
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Their mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Their advanced global processing network, VisaNet, provides secure and reliable payments around the world and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device, and a driving force behind the dream of a cashless future for everyone, everywhere. As the world moves from analog to digital, Visa is applying its brand, products, people, network and scale to reshape the future of commerce.
Reportedly, Visa Inc. has recently invested in Go-Jek, a ride-hailing firm which was launched in 2011 in Indonesia. Go-Jek is now a $10 billion company offering online payments for ordering food, groceries to massage services. The two companies are now staged to work together to offer cashless payments to consumers across Indonesia and Southeast Asia. The U.S. payment processor did not mention the amount of money to be invested in the deal or its stake in the partnership.
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