GoPay recognised for the acceleration of financial inclusion in Indonesia.
Gojek, Southeast Asia’s leading on-demand technology platform, once again made it to the annual Fortune ‘Change the World’ list. The recognition is given to companies that do well by doing good and create a wider socio-economic impact.
This year, Gojek ranked 11th out of 52 international organizations, making a leap from its 17th position in 2017. Gojek is the only Southeast Asian company to make it into this year’s Fortune “Change the World” list, recognized for GoPay’s innovation in accelerating financial inclusion in Indonesia. Gojek is also the only Southeast Asian company to have received this internationally recognised accolade twice.
Global CEO and Founder of Gojek Nadiem Makarim said, “We are humbled to be recognized by Fortune once again, for accomplishing what we have set out to achieve from day one — empowering lives and solving problems through technology. We are so thankful to all of our driver partners, merchants, customers, business partners, investors, and the government for their continuous support. Our stakeholder support is key to Gojek’s success in evolving into an integrated ecosystem with three Super Apps that move people, things, and money.”
The prominent global list highlights how GoPay, Gojek’s digital payments platform, has helped drive Indonesia’s digital economy by expanding financial access for millions in Indonesia, where 64% of the population is ‘unbanked’.
Nadiem added, “At Gojek, it’s always about tackling challenges and enabling a better life for everyone in our ecosystem. From enabling cashless transactions for consumers to ease of payments and business growth for merchants, GoPay has proven that #ThereIsAlwaysAWay to change the world for the better.”
GoPay CEO Aldi Haryopratomo also expressed his gratitude for the trust placed in GoPay, “We have always focused on the grassroots. Since 2016, GoPay has quickly transformed from a simple way for users to pay for Gojek services to driver partners now being able to use our platform to access mortgages, loans for education, health insurance, and even save for Umrah. Today, GoPay is the largest consumer digital payments platform in Indonesia and more than 90% of our GoPay merchants are micro, small, and medium enterprises. However, we do not just measure success in terms of current transaction volumes, but rather by how we can create grassroots impact at a global scale.”
Note: A merchant who uses GoPay to develop her business. As the biggest digital payments platform in Indonesia, GoPay not only eases payment transactions, but also bridges driver partners and merchants to access various financial services such as KPR subsidies, education savings, health insurance, and Umrah savings.
In its fifth year running, Fortune’s “Change the World” list is intended to showcase the synergy between business strategy and the creation of positive social impact.
The assessment of nominees is conducted in partnership with the Shared Value Initiative, a global platform for organizations seeking business solutions to social challenges, and FSG, a non-profit social-impact consulting firm. Fortune’s decision making on this award is based on four criteria: Measurable social impact, Business results, Degree of innovation, and Corporate Integration.
“GoPay’s strategy is to build an ecosystem with our partners. We believe that by including more people in the formal financial system, we can grow together with our partners which include banks, restaurants, retailers, and many more.
Much like a coral reef where the more coral and fish enhance the vibrancy of the ecosystem, we believe that the more partners we have, the more families we can help,” Aldi concluded.
About Gojek Group
Gojek is a Super App. It’s one app for ordering food, commuting, digital payments, shopping, hyper-local delivery, getting a massage and two dozen services. It is Indonesia’s first and fastest growing unicorn building an on-demand empire across Southeast Asia.
As of 2018, Gojek processed more than $9 billion annualized gross transaction value (GTV) across all markets where it operates — in Singapore, Thailand and Vietnam. The Gojek app was launched in 2015, and is now the largest consumer transactional technology group on a GTV-basis in Southeast Asia.
The Gojek app is available for iOS and Android.
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Gojek featured in Fortune’s 2019 ‘Change the World’ list was originally published in Gojek Product + Tech on Medium, where people are continuing the conversation by highlighting and responding to this story.