Indonesia’s largest ride-hailing, payments and services company, Go-Jek, plans to expand its presence in Thailand very soon. Go-Jek is building up its operations in Thailand and working with regulators in Singapore and the Philippines.
President of Go-Jek, Andre Soelistyo said the team is already working to operationalise the product. "We're still working it out with local regulators, local teams to make sure that all the requirements are being checked properly before we do the expansion," he said to CNBC.
Earlier in May, Go-Jek announced that it would invest about $500 million to move into the four markets over the next several months. The company said it would provide "technological support and expertise" to local founding teams that would then work on gaining traction in each of those countries.
Last week, Go-Jek launched Go-Viet in Vietnam, as the first stage of the international rollout. Now, the app is available in the major cities of Hanoi and Ho Chi Minh City. On that app, users can book two-wheel rides and make use of courier services.
Soelistyo said the decision to launch first in Vietnam had several motivations, including its cultural similarity to Indonesia, and the high social media penetration rate.