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Hello there ,

Don't put all your eggs in one basket. We’ve heard the saying countless times before - teachers and parents always have it handy. The idiom's origin is believed to be from Miguel Cervantes' Don Quixote in the early 1600s.

Yet, more than four centuries later, the phrase is still relevant in society as a quick and easy way to dole out good advice. Ovo would agree. The Indonesian e-wallet has appeared to steadfastly implement this simple yet wise strategy.

Despite counting Tokopedia, one of Indonesia’s top ecommerce platforms, as its biggest driver of transactions, Ovo has cleverly cushioned any drop-off in business due to the merger of Tokopedia and Gojek to form GoTo Group. Ovo has reduced its dependence on Tokopedia by inking partnerships with other marketplaces, including Blibli, Zalora, and Lazada.

However, with Gojek’s solutions, such as GoPay, now hogging the limelight on Tokopedia's platform, my colleague Jofie Yordan dives in deep to figure out if Ovo can preserve its status as Indonesia’s top e-wallet and if it really even matters, given that financial services are the monetization endgame for e-wallets.

Also, if you’re an entrepreneur looking for funding, fill out this form to get your company featured on our list of fundraising startups.

THE BIG STORY

EVENT

Curious about NFTs and want to expand your insights about this phenomenon? On February 10, catch our workshop with David Shin, head of global adoption at the Klaytn Foundation, to learn more about the digital asset!

Get a single ticket to attend this workshop or subscribe to Tech in Asia Core at just US$0.55/day for unlimited access to all our workshops, signature conferences, and premium content.

Register now.

TRENDING NEWS

EVENTS HAPPENING

• *Event* [Workshop] What NFTs mean to startups in Southeast Asia on February 10th
  Curious about NFTs and want to expand your insights about this phenomenon? On February 10, catch our workshop with David Shin, head of global adoption at the Klaytn Foundation, to learn more about the digital asset!
  Get a single ticket to attend this workshop or subscribe to Tech in Asia Core at just US$0.55/day for unlimited access to all our workshops, signature conferences, and premium content.
• AWS SaaS Forum on February 17th
  Join the AWS SaaS Forum on February 17 to uncover opportunities and insights on SaaS trends, outlook for 2022 and how to build your business playbook. Attendance is complimentary.

WHO'S HIRING

You can post a job here or search for jobs here.

• UX Researcher (Orami) at SIRCLO
  Tangerang, Indonesia
• Head of Marketing Operations at tomps.id
  Jakarta, Indonesia
• Brand Associate at Dbrandcom
  Jakarta, Indonesia
• Project Manager at PT Barito Integra Teknologi
  Jakarta, Indonesia
• Software Engineer-Backend Lead (NodeJs) at Tebengan
  Jakarta, Indonesia
• Financial Controller at Pandawa Agri Indonesia
  Banyuwangi, Indonesia