<div id="readability-page-1"><div><p>[SINGAPORE] Amid a leadership reset and Jakarta’s push for a golden share of a potential Grab-GoTo merger, a 3.1 trillion rupiah (S$241.8 million) fundraising bid by Grab-backed Superbank could prove most critical for a merged entity’s fintech ambitions.</p><p>A Grab-GoTo merger would shake up the region’s ride-hailing and food-delivery markets, but the mega-deal could also send ripples through Indonesia’s digital banking industry. </p><p>Two of the country’s most promising digital banks – Bank Jago and Superbank – are respectively backed by GoTo and Grab, meaning that a merged entity could strengthen its grip on the country’s dynamic fintech scene.</p></div></div>

GRAB

<p>Analysts suggest that a potential merger between Grab and GoTo could significantly impact Indonesia's fintech sector. The merger, amid leadership changes and Jakarta's interest in a golden share, could enhance the fintech ambitions of the merged entity, particularly through Grab-backed Superbank's fundraising efforts. This merger could also affect the ride-hailing and food-delivery markets, while strengthening the position of digital banks like Bank Jago and Superbank in Indonesia's fintech industry.</p>

Grab-GoTo merger could be ‘colossal’ for Indonesia’s fintech hopefuls, say analysts