Indonesia

Indonesia’s P2P Lending Regulations poised to encourage growth of local Fintech Providers

In December 2016, the Financial Services Authority (OJK) issued regulations on financial technology firms (Fintech) firms that run Peer-to-Peer(P2P) lending businesses. The regulations were issued in response to the rapid growth of Fintech start-ups in Indonesia, where the number of

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How Fintech Companies Can Help Indonesian Banks

With a population of over 250 million, consistent economic growth and high mobile phone penetration, Indonesia has emerged as one of Southeast Asia’s most promising markets for fintech disruption. The World Economic Forum predicts that by 2020, Indonesia will become

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Grabs Plan to be the #1 mobile Payments Platform in Southeast Asia.

Grab, the leading ride-hailing and logistics services startup in Southeast Asia, is looking to become the top mobile payments platform in the region. In order to “solidify its leadership in digital payments,” the firm has signed in April an agreement

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Why Indonesia needs Fintech?

Southeast Asia’s largest economy would rather use fintech platforms for their financial needs rather than the country’s more well-established banking institutions with regulations being proposed to safeguard investors and borrowers alike, Indonesia’s fintech industry is set to expand even further.

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How the world can learn from Indonesia’s microfinance scene

Microfinance disasters have made the news in recent years and the industry has drawn some flak for being unregulated. Indonesia has had relative success. What lessons can we draw from them?  Stories of microloan borrowers in impoverished parts of India

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Indonesia Turn to E-Payment Services as the Sector Takes the Lion’s Share in Local Fintech Market

With the proliferation of e-commerce, 43% of the fintech players in Indonesia are in the payment sector, with offerings ranging from mobile payment to payment gateway, according to the Indonesia Fintech Association (IFA) report 2017. The growth of e-commerce  has

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Cermati Secured Series A Extension Funding from Orange Growth Capital

Indonesia’s financial e­-commerce provider, Cermati, has raised seven-digit USD funding from Orange Growth Capital (“OGC”), one of the leading European and Asian FinTech VCs. Cermati will use the additional funding to expand the team, bolster its product offering and further

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Alibaba Founder Appointed As Malaysia’s Digital Economy Advisor Amid Digital Free Trade Zone Initiative

Jack Ma, the founder and executive chairman of Alibaba Group, has been appointed as Malaysia’s digital economy advisor as the government looks to boost the country’s e-commerce and Internet sector, and create new opportunities for Malaysia. Prime minister Datuk Seri

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J. P. Morgan Launches Indonesia Virtual Banks

J.P. Morgan has launched its virtual branch in Indonesia, the second location globally where it has been rolled out. Offered via the J.P. Morgan ACCESS® OnlineSM, the virtual branch is a fully integrated platform that provides a comprehensive suite of banking

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Telstra Ventures Invests in C88 Financial Technologies

Telstra Ventures today announced a strategic investment as part of leading a Series-B funding round in C88 Financial Technologies Pte Ltd, which owns and operates the largest consumer financial websites in Indonesia and the Philippines. Matthew Koertge, Managing Director of

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