Southeast Asia’s No. 1 travel app is getting into fintech

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Traveloka, Southeast Asia’s largest online travel startup, is getting into financial services. YahooFinance

The startup backed by Expedia Group Inc. and JD.com Inc. will issue a credit card with Indonesia’s PT Bank Rakyat Indonesia Persero Tbk linked to its booking services. The travel app is targeting many users across the Indonesian archipelago who have little or no access to traditional banking or reliable internet.

, president of Traveloka operations, said the card was one facet of building a fintech business to complement its travel, accommodation and lifestyle services.

 

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