Facebook, PayPal Invest in Indonesia's Gojek

Facebook (NASDAQ: FB) and PayPal (NASDAQ: PYPL) participated in a fundraising round for Gojek, the Indonesia delivery, and digital payments company. 

The investment, the size of which remains undisclosed, also included funding from Alphabet's Google and China's Tencent. Gojek said the funding will go to support its GoPay digital payments app that processes billions of transactions each year. More than 170 million people across Southeast Asia use Gojek. 

IMAGE SOURCE: GETTY IMAGES.

Continue reading

Source Fool.com