Asia: DBS Go-Jek partnership a meeting of minds

UOB responds with announcement of Grab alliance.

DBS on Monday announced a tie-up with Go-Jek, the Indonesian transportation and technology company. It looks to be a meeting of like minds.

Euromoney has written at length about both institutions. DBS is the bank that wants to be seen as, and valued as, a tech company; Go-Jek is the ride-hailing and food delivery company that wants to forge a second career as a payments company.

Both see the value in taking one entrenched skillset and applying it to another opportunity.

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