Indonesia’s 8 per cent cap cost Gojek US$8.4M in a quarter. GoPay covered the bill

GoTo has now reported a net profit for three quarters in a row. Read past the headline, though, and the numbers show a company run by its payments arm, while its ride-hailing business absorbs the cost of a government-imposed fare squeeze. GoTo reported a third-quarter net profit of Rp441 billion (about US$24.6 million), compared with […] The post Indonesia’s 8 per cent cap cost Gojek US$8.4M in a quarter. GoPay covered the bill appeared first on e27.