Fintech Indonesia Report 2018 – The State of Play for Fintech Indonesia

Fintech Indonesia Report 2018 – The State of Play for Fintech Indonesia

by June 26, 2018
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Indonesia, the largest economy in South East Asia, with an estimated population of over 260 million people, the majority of which are under the age of 35 and growing mobile phone and Internet penetration rates, Indonesia is a treasure trove of untapped fintech opportunities.

Fintech companies looking to expand in South East Asia would be remiss if they were to overlook the Fintech Indonesia scene as a potential market. With that in mind we hope to help you navigate the Indonesian landscape with our latest edition of the Fintech Indonesia report 2018

Fintech Indonesia Report -Overview of the Indonesian Economy

With interventions by the regulators and increased boom of fintech startups addressing financial inclusion issues, the World Bank has lauded Indonesia as the country in East Asia with the most improvement in bringing its citizens into the formal financial system in the past three years, particularly women.

Fintech Indonesia Report – Steady Growth For Fintech in Indonesia

The market has also shown a considerable amount growth with the annual growth rate of 16.3% with the total investment into fintech companies standing at USD 176.75 Million in 2017 alone.

 

Fintech Indonesia Report -Regulatory Environment for Fintech in Indonesia

The fintech indonesia scene is primarily regulated by two main entities; namely Bank Indonesia and Otoritas Jasa Keuangan. While Bank Indonesia is an entity that is primary function is geared towards monetary policies it has taken matters relating to payments under its regulatory scope, arguing that it has a big direct impact on the monetary stability.

Whereas OJK functions as a supervisory arm of the government to regulate the financial services sector, in particular within the fintech ecosystem OJK oversees P2P Lending, Crowdfunding, Digital Banking, Insurtech, Fintech in Capital Markets, Online Financing, data security and of course consumer protection.

Initiatives to prop up the fintech sector in Indonesia by the regulators include the setting up of the Fintech Office, the launch of the National Payment Gateway, establishment of the Fintech Regulatory Sandbox, regulation for P2p lending services. To date there are already 40 P2p lending service registered with OJK.

Fintech Indonesia Report – Map of Fintech Companies in Indonesia

Similar to it’s other Southeast Asian counterparts like Singapore and Malaysia, payments and lending dominates a large portion of the fintech ecosystem.

The growth within the Indonesian fintech space is remarkable, in our last report that was produced in 2016, we’ve identified a total of 50 fintech companies operating in Indonesia, contrasting that with our current findings we identified a total of 167 fintech companies operating in Indonesia.

Fintech Indonesia Report

 

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15 Comments so far

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  1. Agung
    #1 Agung 4 July, 2018, 06:47

    Apakah anda sudah pakai aplikasi PayTren UYM?

    Silakan klik http://agung.gallerypaytren.com

  2. ahmad thoher
    #2 ahmad thoher 4 July, 2018, 12:21

    Sudahkah Anda aktivasi fintech PayTren..??
    Untuk info Silahkan klik http://bit.ly/ahmad_leader_sukses

  3. Sirajuddin Junaid
    #3 Sirajuddin Junaid 5 July, 2018, 04:32

    Salahsatu fintech di indonesia yaitu PayTren anda belum kenal PayTren?….
    Silahkan klik link bit.ly/dipanducaradaftarpaytren

  4. Anonymous
    #4 Anonymous 5 July, 2018, 04:54

    Apakah anda sudah pakai aplikasi Paytren. Wa. 0852-6219-2471.

  5. Dewiana
    #5 Dewiana 5 July, 2018, 06:38

    Pakai aplikasi paytren di android/handpone kamu. Biarkan sistem dan teknologi yang bekerja dan rasakan sensasinya. Info lebih lanjut tentang paytren klik website berikut
    http://www.paytrenmillionaire.com/?tn0299358

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  7. David
    #7 David 14 July, 2018, 19:55

    Awesome articles very interesting I like it. Fin Techs will create significant impact/ change on Indonesia’s people understanding about payment, money etc. Positive.

  8. #8 OJK: Fintech Hub Launch Will Grow Indonesia’s Fintech Ecosystem | Fintech Singapore 18 July, 2018, 17:14

    […] Triyono told reporters that fintech in Indonesia is growing rapidly. The statements made by Triyono matches our observations of growth in the sector these past few […]

  9. #9 OJK: Fintech Hub Launch Will Grow Indonesia’s Fintech Ecosystem - Finance Crypto Community 18 July, 2018, 17:31

    […] Triyono told reporters that fintech in Indonesia is growing rapidly. The statements made by Triyono matches our observations of growth in the sector these past few […]

  10. Moh Nanang Qosim
    #10 Moh Nanang Qosim 30 August, 2018, 03:15

    Sudahkah anda pakai aplikasi PayTren? Yuuuk download aplikasinya dan rasakan sensasinya, dan siap2lah menjadi pendulang chasback.

    Info lebih lengkap klik http://www.yukjadipengusaha.com/m.nanangqosim

  11. Bambang E W
    #11 Bambang E W 30 August, 2018, 10:19

    Indonesia punya PayTren,apakah anda sudah pakai PayTren?
    PayTren bernilai sedekah d setiap transaksi yg kita gunakan ..

    Info lengkap klik d bawah ini

    http://www.yukjadipengusaha.com/bambang

  12. #12 Why Go-Jek’s Got Its Eye (and Business) on Peer-To-Peer Lending in Indonesia | Fintech Singapore 6 September, 2018, 08:04

    […] A full breakdown can be found in our Indonesian Fintech Report. […]

  13. #13 Why Go-Jek Got Its Eye (and Business) on Peer-To-Peer Lending in Indonesia | Fintech Singapore 6 September, 2018, 08:05

    […] A full breakdown can be found in our Indonesian Fintech Report. […]

  14. #14 Why Go-Jek Got Its Eye (and Business) on Peer-To-Peer Lending in Indonesia - Finance Crypto Community 6 September, 2018, 08:12

    […] A full breakdown can be found in our Indonesian Fintech Report. […]

  15. #15 10 Fintech Founders and Influencers in Indonesia to Follow | Fintech Singapore 2 October, 2018, 14:02

    […] Indonesian fintech industry has witnessed considerable growth with an estimated US$22.338 billion worth of transactions in the fintech market […]

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