Indonesia

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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Go-Jek and Bank Rakyat Indonesia Teams Up For Financial Inclusion

Banks in Indonesia are still hesitant to collaborate with fintech startups, some local startup founders say. At this stage, exchange between banks and fintech startups takes place in the realm of events and competitions, where the aim is to get

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How 4 Indonesian Banks are Collaborating with Fintech Startups

Fintech startups have some key advantages over banks: they can move fast and react to trends, experiment with new technologies and processes, and work on small budgets.Banks, on the other hand, know how to navigate regulations and obtain licenses required

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Why is Indonesia’s Payments Landscape So Fragmented?

Indonesia is slowly moving away from its dependency on cash as startups, banks, and telcos alike are all introducing new types of card-based and mobile money. Some of them are forcing consumers into their ecosystems. For example, the country made

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Top 10 Digital Trends Impacting Indonesia in 2018 and Beyond

IDC announced today its top ten technology predictions for 2018 and beyond at the IDC Indonesia FutureScape event held at Westin Hotel, Jakarta. The event highlighted the key technology predictions that enable Indonesian enterprises to strengthen their digital strategies as

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Pajak Pay Aims To Solve Indonesia’s Tax Woes, May Soon Be Available on Go-Jek

Indonesian companies aren’t very diligent when it comes to paying taxes. Instead of filling the state’s accounts, profits go unreported or are stashed in tax havens offshore. In 2016, the government implemented a tax amnesty program, attempting to lure money

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Instant Personal Loan Fintech Apps are Mushrooming in Indonesia

If you need quick money at the end of the month because you’re waiting for your paycheck, or if you urgently need to pay a medical bill, applying for a conventional loan takes too long to process. In Indonesia, that’s

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