GOTO – Cuts GoRide commission to 8%

GOTO – Cuts GoRide commission to 8% GoTo Gojek Tokopedia (GOTO) lowered GoRide commission fees from 20% to 8%, allowing drivers to retain a larger portion of trip revenues. To offset the impact on profitability, the company plans to improve operational efficiency, discontinue the GoRide Hemat program, and strengthen monetization across its ecosystem. Despite potential pressure on margins, GOTO expects the move to support driver welfare and long-term platform sustainability. (Source : Stock Watch)