SINGAPORE (Dec 11): Indonesia’s ride-hailing giant Gojek is close to acquiring a mobile point-of-sale startup called Moka for at least US$120 million ($163 million), as it aims to become a leading player in the country’s digital payments industry, according to people familiar with the talks.

Jakarta-based Moka helps owners of restaurants, coffee shops and retail outlets manage payments. The Moka app, which can be downloaded to a tablet or smartphone, lets merchants accept debit and credit cards or mobile payments like Alipay. It also provides analytics to help track sales and inventory, run loyalty programs and manage employees.

A Gojek representative declined to comment, while a Moka official didn’t immediately respond to requests for comment.

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