Indonesia

Despite Much Support, Cashless Indonesia Faces Many Obstacles

Indonesia’s cashless experiments in Jakarta has yielded interesting results. By 2017, many of the industry’s observers were already discussing the possibility of Indonesia transforming into a cashless nation, and this impression has held on until this year. And transportation is

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Indonesian Credit Score Fintech Raised USD30 Million Series B to Expand in Southeast Asia

Jakarta based FinAccel has raised a USD30 million Series B equity investment round led by Square Peg Capital, with participation from new investors MDI Ventures and Atami Capital, and from existing investors Jungle Ventures, Openspace Ventures, GMO Venture Partners, Alpha

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OJK: Fintech Hub Launch Will Grow Indonesia’s Fintech Ecosystem

The Financial Services Authority (OJK) will be launching a fintech centre sometime in August as part of their efforts to grow the fintech ecosystem in Indonesia, as well as drive innovations in the field. Indonesia’s Swelling Fintech Sector OJK’s head of

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Blockchain Startup Pundi X Hires Former Microsoft and Ethereum Veteran

Pundi X has announced its new chief legal counsel, David Ben Kay, a lawyer to leading Asian technology companies and blockchain startups with over three decades of experience. David is a specialist in international intellectual property and investment law and

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Interesting Blockchain Startups and Organizations from Indonesia

Cryptocurrencies and blockchain technology have been all the rage in the past years with startups in the space raising more than US$1.3 billion in venture capital so far in 2018. The amount has already surpassed the total raised in 2017

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

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

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World Bank Global Findex : Indonesia Leads in Financial Inclusion Progress

The latest Global Financial Inclusion Index (“Findex”) database released today by the World Bank finds that Indonesia’s financial inclusion has made the most progress, across East Asia and the Pacific, in bringing its citizens into the formal financial system in

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Avatec: Next-Generation Digital Credit Assessment Solution for Indonesia

United Overseas Bank Limited (UOB) and Pintec Technology Holdings Limited (PINTEC) announced the launch of their joint venture, Avatec.ai . Avatec aims to help banks and finance companies to be more efficient and more accurate when assessing the credit quality of

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How is Indonesia Implementing Blockchain Technology?

The Indonesian Central Bank repeatedly warns citizens about cryptocurrencies and cautions to understand the risks, but the country’s regulations are currently fairly open towards digital currencies and blockchain technology. An actual ban only exists for cryptocurrencies in payments, but exchange

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Top Fintech Startups That Will Mature Fast in Indonesia

IDC Financial Insights  unveiled a list of fintech companies in Indonesia that are expected to mature faster than others. As the number of fintech startups are at rise in Indonesia, the list of fintech startups announced are based on extensive

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