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DBS and GO-JEK enter into regional strategic partnership ahead of GO-JEK’s arrival in Singapore


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SINGAPORE,12 November 2018 -

DBS Bank and GO-JEK today announced that the two parties have entered into a regional strategic partnership. The partnership will see the two companies work together on payment services ahead of GO-JEK's arrival in Singapore and this will soon extend to other countries in Southeast Asia.

GO-JEK, whose investors include Google, Temasek, Tencent and Meituan Dianping, is set to launch its beta ride-hailing app in Singapore within the coming weeks and as part of this, DBS customers in Singapore will enjoy a slew of exciting privileges.

“As Singapore’s leader in payments with over four million debit/credit cards in circulation and DBS PayLah! being the nation’s most popular mobile wallet, we are committed to making payments simple, seamless and invisible for our customers,” said Tan Su Shan, Group Head of Consumer Banking & Wealth Management, DBS Bank. “In doing so we are stepping up to partner with like-minded companies like GO-JEK, one of Southeast Asia’s most iconic technology companies, to build inclusive digital ecosystems for our customers.”

GO-JEK president, Andre Soelistyo, said: “This partnership makes perfect sense because GO-JEK and DBS are both so committed to providing the best possible consumer experience. By joining forces, we will be able to pool our resources as we focus on making life better for people in Singapore.”

He added, “We are very much looking forward to the launch of our beta ride-hailing service within the coming weeks. We know that people are desperate for more choice in the sector and we believe we can satisfy this demand. The response from the driver community since we opened pre-registration has been overwhelming and we are confident that by working with DBS, we will see the same level of excitement from consumers too."

DBS’ Tan Su Shan will be speaking at the Singapore FinTech Festival’s on Partnerships: The Way of the Future. Join her on Monday, 12 November, 5pm at the Deloitte stage.

GO-JEK’s President, Andre Soelistyo, will be speaking at the Singapore FinTech Festival’s Global Investor Summit: Beyond FinTech. Join him at his fireside chat on Wednesday, November 14, 4pm at the GIC stage.
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About DBS
DBS is a leading financial services group in Asia, with over 280 branches across 18 markets. Headquartered and listed in Singapore, DBS has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for ten consecutive years from 2009 to 2018.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. The bank acknowledges the passion, commitment and can-do spirit in all of our 26,000 staff, representing over 40 nationalities. For more information, please visit www.dbs.com.

About GO-JEK Group
GO-JEK Group is one of Southeast Asia’s leading multi-platform technology companies, providing access to a wide range of services from transportation and payments to food delivery, logistics and other on-demand services. The company was founded in 2010 as a motorbike delivery and transportation service coordinated via a call centre. The GO-JEK app was launched in Indonesia in 2015 and has now been downloaded more than 100 million times, facilitating over 100 million transactions per month.

GO-JEK was built on the principle of using technology to improve lives, providing people with access to products and services, helping to create more value for society, improving efficiency and productivity and improving financial inclusion.

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