GoPay managing director Budi Gandasoebrata said the demand for investment through e-wallets had led to GoPay providing the investment platform.

“That is why we are sure that an accessible and transparent investment feature is relevant to our users’ needs,” he said in a press statement.

Users can register with GoInvestasi using their Gojek-registered phone number. They can then invest as little as 0.01 gram of gold, equivalent to Rp 8,000 (US 57 cents), in Pluang with payment and investment withdrawal made through GoPay.

GoInvestasi is available as a GoPay feature, and both are available in the Gojek app.

Users can also save their gold and exchange it for PT Aneka Tambang (Antam) certified gold bars.

Budi went on to say that all GoInvestasi transactions were supervised by the Indonesian Commodity Futures Trading Regulatory Agency (BAPPEBTI), as well as PT Kliring Berangkat Indonesia (KBI).

Meanwhile, Pluang cofounder Claudia Kolonas said that partnering with GoPay would allow more people to start investing in gold.

“The public’s awareness and willingness to invest has become more apparent and people are drawn to gold investment because it is low risk but still profitable,” she said.

Pluang received $3 million from Go-Ventures, Gojek’s venture capital unit, in the fintech’s series A funding round in September. (eyc)

Popular

The fragile promise of pluralism, religious freedom in Southeast Asia

Coffee, gold push up inflation to 1.95 percent in April

Furniture exporters decry new quarantine rule