Indonesia

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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Indonesia’s Digital Financial Services Growth Potential

Only 36% of Indonesia’s population is connected to formal financial institutions, leaving an estimated 110 million unbanked citizens due to banks’ high fees, lack of consumer trust and long distances to branches. GOVERNMENT ASSISTANCE AND SUPPORT The Indonesian Government is

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New Fintech Report Highlights Indonesia’s Untapped Digital Finance Opportunity

With a population of over 255 million people – among which 60% are digital native – and growing mobile phone and Internet penetration rates, Indonesia has been perceived as an untapped market opportunity, according to a new report by Fintechnews.

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What is Digital Transformation and Why is it a Disruption?

There are many talks about “Digital Transformation” recently, but what does it really mean, and why is it called a disruption? Depending on how you perceive it, this term may be just a fad to you, or it may mean the

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FinTech Indonesia Survey On Collaboration And Regulation

In partnership with Asosiasi Fintech Indonesia, Deloitte launched its findings: FinTech Indonesia Survey 2016, on fintech industry landscape in Indonesia, the challenges and ways to address them. The finding indicates that collaboration and strategic partnership are needed for economic growth

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6 Fintech Events In Indonesia

As a country with high Internet penetration, high middle-class growth, and poor penetration of financial products, Indonesia is fertile ground for financial technology. Indonesia is arguably the most exciting market for cards and payments in the world. With a population

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