Grab ups the ante in on-going battle with Gojek

OVO and Gojek have been vying for the top spot in payments since 2018, with DANA not far behind. Grab and Gojek are the top-two startup brands in Southeast Asia, valued at $14 billion and $10 billion, respectively, according to sources. The plan also points to intensifying competition in Indonesia’s digital payments industry that is seeking to piggyback on the country’s booming e-commerce market and its 260 million people. Grab and OVO declined to comment, while DANA said it does not comment on market rumours. Reuters reported last month that Facebook Inc’s messenger service WhatsApp is in talks with multiple Indonesian digital payment firms to offer their mobile transaction services.

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