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     GoPay Tabungan Syariah by Jago Offers Convenience and Peace of Mind

Jakarta, 5 December 2023 – GoPay and Bank Jago today launched GoPay Tabungan Syariah
by Jago, a day-to-day transaction account that adheres to Shariah principles based on the
Wadiah Yad Dhamanah (safe custody based on trust) covenant.

GoPay Tabungan Syariah by Jago offers users convenience and peace of mind when conducting
a wide range of transactions on the GoPay app. GoPay Tabungan Syariah by Jago is aimed at a
wide user base, especially those who prefer access to sharia financial services, ultimately
helping to drive sharia-based financial inclusion in Indonesia.

Kiki Apriyani, Head of Marketing Money Management at GoPay, shared how the features on
the GoPay app are becoming even more robust with the introduction of Sharia-based services.

"After the successful launch of the GoPay app in July 2023, we continue to innovate with new
financial offerings, including GoPay Tabungan by Jago in October 2023. Today, we are
introducing GoPay Tabungan Syariah by Jago, an innovative sharia-compliant day-to-day
transaction account accessible by all Indonesians. Opening an account for GoPay Tabungan
Syariah by Jago is straightforward and quick, taking less than 2 minutes to complete through the
GoPay or Gojek app," said Kiki.

Kiki added that GoPay Tabungan Syariah by Jago also supports the growth of Sharia-based
finance in Indonesia.

"Indonesia is home to the world's largest Muslim population, with 2022 statistics showing that
241.7 million people or about 87.02% of the total population are Muslim1. Yet, according to OJK
data, as of July 2023, sharia-based finance in Indonesia makes up only 7.16% of the total national
financial assets2, resulting in a sharia financial inclusion index of only 12.1% in 20223. The potential
of this market is substantial," said Kiki.

The sharia economy in Indonesia continues to grow. OJK data shows that total bank and
non-bank sharia assets per July 2023 are at Rp949.06 trillion, an increase of 12.3% compared to
the same period in 2022 when the total was Rp832.31 trillion.4

GoPay Tabungan Syariah by Jago reflects the joint commitment of GoPay and Bank Jago to
provide sharia financial products and services with innovations and features that are on par with
conventional financial products and services.



1
  Indonesian Ministry of Home Affairs Statistic, 2022
2
  OJK Sharia Statistic Data, 2023
3
  OJK National Financial Literacy and Inclusion Survey, 2022
4
  OJK Sharia Statistic Data, 2023
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Waasi Sumintardja, Head of Sharia Business at Bank Jago, said, “As a technology-based bank
embedded in Indonesia's digital ecosystem, Bank Jago aspires to enhance growth of millions
through sharia-focused and life-centric digital financial solutions.”

Benefits of GoPay Tabungan Syariah by Jago include:

   1. Simplified GoPay Services
       ○ Through the GoPay or Gojek app, users can convert their GoPay balance to GoPay
          Tabungan Syariah by Jago in two minutes.
       ○ There is also no minimum required balance and no monthly administrative fees.
       ○ Like GoPay, users can top up and transact using GoPay Tabungan Syariah by Jago
          anytime and anywhere.
           ■ Top-up at Alfamart, Indomaret, with Gojek drivers, ATMs, and many other
               channels.
           ■ Can be used at all merchants who accept GoPay, including payments within the
               Gojek app, Tokopedia, QRIS, and other online and offline merchants.

   2. Delivers Banking Excellence
      There are no maximum balance limits and no transaction limits. GoPay Tabungan Syariah
      by Jago is secure, monitored by the Financial Services Authority (OJK), and guaranteed by
      the Deposit Insurance Corporation (LPS).

   3. Adheres to Sharia Principles
      GoPay Tabungan Syariah by Jago adheres to the Wadiah Yad Dhamanah (safe custody
      based on trust) covenant in accordance with the Fatwa issued by the National Syariah
      Council of the Indonesian Ulema Council (DSN-MUI) and is supervised by the Sharia
      Supervisory Board (DPS), which enables customers to confidently manage their finances
      in line with their beliefs.

For more information on GoPay Tabungan Syariah by Jago please visit this link.

                                               ***




About GoTo Financial


GoTo Financial, a part of the GoTo Group, aims to help improve the individual balance sheet of all
Indonesians. To achieve this vision, GoTo Financial through GoPay provides access to secure,
simple and responsible financial services, enabling people to manage their finances better. In
2019, GoPay led Gojek to become the only Indonesian company on the Fortune "Change The
World" list. In 2022, GoPay won the “Best Digital Wallet” award from The Asian Banker.
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About Bank Jago


Specifically built as a tech-based bank embedded within Indonesia’s digital ecosystem, Bank
Jago aspires to enhance the growth of millions through life-centric digital financial solutions. Bank
Jago develops banking products and services, both conventional and sharia, that can be utilized
by everyone, including retail (consumer), mass market, or micro, small and medium enterprises
(MSME).


As a tech-based bank, Bank Jago develops Jago App which is particularly designed to be
embedded within various digital ecosystems, and can be customized and personalized so it can
be compatible with their ecosystems, and also with the users’ personal needs. The collaborations
with various ecosystems enable users to live their life more conveniently.


For media enquiries, please contact:


Sharmaine Tan


sharmaine.tan@gotocompany.com

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