Indonesia's GoTo group has announced that it has sold its majority stake in Filipino e-wallet Coins.ph. "We are committed to our core market in Indonesia as well as to our deepening investments in Vietnam and Singapore." The Ken, on the other hand, reported that the buyer is Wei Zhou, former Chief Financial Officer of Binance, who bought the stake for almost USD 200 million. Gojek, which merged with Tokopedia to form GoTo in 2021, acquired stake in Coins.ph in 2019 for around, USD 95 million. Read more in our articles including "Indonesia's GoTo sells majority stake in Coins.ph" and "BPI partners with Robinsons Retail for barcode cash deposits in stores".
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Mar 19, 2026Indonesia's GoTo group has announced that it has sold its majority stake in Filipino e-wallet Coins.ph. "We are committed to our core market in Indonesia as well as to our deepening investments in Vietnam and Singapore." The Ken, on the other hand, reported that the buyer is Wei Zhou, former Chief Financial Officer of Binance, who bought the stake for almost USD 200 million.
Gojek, which merged with Tokopedia to form GoTo in 2021, acquired stake in Coins.ph in 2019 for around, USD 95 million.
Our coverage of coins binance includes: "Indonesia's GoTo sells majority stake in Coins.ph"; "BPI partners with Robinsons Retail for barcode cash deposits in stores"; "Shopee opens official Beats store in PH". Each article provides unique insights and information.