Indonesia’s GoTo posts 2nd quarterly profit as fintech business soars

Superapp says government's 8% commission cap clouds on-demand service outlook Indonesian superapp company GoTo on July 29 says its on-demand ride hailing and food delivery business under Gojek has slowed, with the outlook further downturned after the government caps the amount of commissions that companies can charge drivers. (Photo by Yuki Kohara) JAKARTA — Indonesian technology company GoTo Group on Wednesday reported its second consecutive quarterly net profit in the April-June period, driven by the rapid growth of its financial technology business even as its ride-hailing segment slowed.

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