GoTo backs gov't policies, including possible merger with Grab

GoTo said on November 12, 2025, that it supports government policies aimed at improving the welfare of its driver-partners and merchants, including if this is achieved through a merger, acquisition, or other strategic corporate actions.

The statement follows a Bloomberg report on November 11, 2025 that Grab and its backers are seeking to remove Patrick Walujo as GoTo’s CEO.

Shareholders have requested for an extraordinary meeting to vote on leadership changes, while Indonesia’s government is in talks with both firms about a possible merger that could involve sovereign fund Danantara.

The Indonesia-based technology group said its board and management will comply with all relevant laws and regulations.

GoTo also said its long-term sustainability depends on the growth of all parts of its ecosystem.

🔗 Source: GoTo

🧠 Food for thought

Implications, context, and why it matters.

Indonesia’s welfare push may force ride-hailing platforms into costly compliance overhauls

GoTo backs welfare-focused policy changes and says it will follow future rules.
Over 57% of Indonesian workers are in the informal sector and many lack fixed contracts or social security 1.
Legislators back a 2025 ride-hailing bill to include online motorcycle taxi drivers in BPJS Kesehatan (Indonesia’s national health insurance agency) and BPJS Ketenagakerjaan (Indonesia’s workers’ social security agency) with mandatory, fair contributions 2.
BPJS Ketenagakerjaan says only 9.9 million of 61.08 million eligible informal workers are enrolled, leaving 27 million vulnerable workers without protection 3.
If the mandates expand as proposed, GoTo and Grab would need to enroll drivers into BPJS programs, then manage benefit payments. Grab is a Southeast Asian ride-hailing and delivery company. These steps would raise costs and could squeeze margins unless offset by efficiency gains or higher prices.

Third-party fintech and insurtech providers can capture revenue from platform compliance burdens

BPJS Ketenagakerjaan’s informal worker coverage rose 296% from 2.5 million in 2020 to 9.9 million in 2025 3.
Ride-hailing firms need systems for BPJS registration with contribution calculation, payment processing, and compliance reporting for millions of drivers.
Insurtech firms can offer add-on coverage beyond BPJS. Options include accident protection and income continuity plans tailored to gig workers’ irregular earnings.
Vendors with automated enrollment plus payroll integration can become core infrastructure for platforms. Compliance dashboards support broader growth as welfare rules expand.