Visa Invests In Go-Jek Coordinating to Offer Cashless Payments

By John Heerdink LinkedIn

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.

To learn more about Visa (V) and to track its ongoing progress please visit the Vista Partners Visa (V), Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Visa invests in Indonesian ride-hailing firm Go-Jek

finance.yahoo.com

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