BigPay is focused on expanding its business operations into Thailand after Airasia’s acquisition of Gojek’s Thailand division via its digital unit in a deal valued at RM208 million (appr. $50 million).
This move has been announced ahead of AirAsia‘s plans to offer a Super app in August 2021.
The Edge reports that AirAsia Group’s CEO Tan Sri Tony Fernandes noted that Gojek’s investment is valued at around $40 million, meanwhile, GoPay’s is at $10 million, and these will be transferred into shares for the AirAsia Super App (valued at $1 billion).
This should mean that the Indonesia-based ride-hailing app is set to maintain a 4.76% stake in the app after the stock transaction. Provided that it obtains the appropriate regulatory clearance, BigPay is planning to go live during Q1 2022.
Both organizations will be working cooperatively with the Bank of Thailand to make sure…
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BigPay is focused on expanding its business operations into Thailand after Airasia’s acquisition of Gojek’s Thailand division via its digital unit in a deal valued at RM208 million (appr. $50 million).
