TechnologySuperapp says government's 8% commission cap clouds on-demand service outlookIndonesian 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) ISMI DAMAYANTIJuly 29, 2026 23:43 JSTJAKARTA -- 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.
Indonesia's GoTo posts 2nd quarterly profit as fintech business soars
Superapp says government's 8% commission cap clouds on-demand service outlook
TL;DRAI
GoTo posted consecutive quarterly profits on fintech momentum despite ride-hailing slowdown from Indonesia's 8% commission cap. The regulatory squeeze pivots superapps toward higher-margin fintech; GoTo exemplifies how emerging-market players escape ride-hailing commoditization.
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