GoTo Financial & Bank Jago join hands to launch GoPay Tabungan by Jago

By Gloria Mathias

GoTo Financial and Bank Jago, an Indonesia-based bank, has launched GoPay Tabungan by Jago, a bank account for daily transactions that can be accessed directly via the GoPay and Gojek app.

GoPay Tabungan by Jago combines the simplicity of the GoPay e-money service with the benefits of banking, enabling Indonesians to access FinTech and banking services in a single application.

The new application has been designed to be accessible and simple to use, with users able to upgrade their accounts to GoPay Tabungan by Jago in two minutes via the GoPay or Gojek apps.

Users can also top up their balance through various channels and make payments at all merchants that accept GoPay, including payments on the Gojek and Tokopedia applications, QRIS payments, as well as offline and online merchants. Users will not be required to pay administrative fees and can enjoy free transfers via the GoPay app.

Hans Patuwo, President of Financial Technology, GoTo, said, “In line with our commitment to increase access to financial services across Indonesia, we have developed GoPay Tabungan by Jago specifically to address the challenges faced by the unbanked. The product combines the simplicity of GoPay’s e-money service with the benefits of banking services while ensuring that users do not need to pay any administrative fees. This builds on our launch of the GoPay app earlier this year, and it means that Indonesians can now transfer, borrow, and save money with just one application.”

“This is the start of more exciting things to come, and we will continue to work closely with Bank Jago to explore new and innovative ways to increase financial access across Indonesia.”

Arief Harris Tandjung, President and Director of Bank Jago, said: “We are pleased to launch GoPay Tabungan by Jago, which is the result of the ongoing strategic collaboration between GoTo Financial and Bank Jago. Both companies share a common mission to accelerate financial inclusion in Indonesia, and we believe that such collaborations between banks and fintechs will continue to be key in strengthening product innovation, which will in turn help increase bank account ownership in the country.”