Indonesia's Bank Jago to turn fully digital; applauds new upcoming regulations for financial services sector

Gojek's e-wallet customers, who use its ride-hailing app, will have the opportunity to open accounts with Bank Jago. - Reuters

JAKARTA (The Straits Times/ANN): Bank Jago is set to become the first fully digital bank in the country following its recent strategic partnership with ride-hailing and digital payment services firm Gojek.

The small Indonesian bank is applauding the impending digital banking regulation by OJK -- Indonesia's Financial Services Authority -- saying it would allow its customers to open a bank account on an app run by partner Gojek.