Indonesia

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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Behind The Noise: Indonesia’s Real Stance on Bitcoin & Cryptocurrencies

The Central Bank of Indonesia (BI) caused a brief panic when it sent out a press release  on Indonesia’s bitcoin ban earlier this month, reminding the Indonesian public to not buy and sell Bitcoin and other virtual currencies. Many media

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It’s Becoming Increasingly Difficult For Newcomers To Enter The Mobile Wallet Space In Indonesia

Providers of digital goods and services in Indonesia had to be inventive to make their business work. Credit cards aren’t widespread in the country, with only an estimated 7 to 8 million out of a population of roughly 265 million

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Ascend Money Announces 50,000 Agent Networks Across Southeast Asia

Ascend Money, a Southeast Asian fintech business under Thailand’s Ascend Group, has reached 50,000 agents—local franchises and networks such as convenience stores, pharmacies, street vendors, and cafes, that conduct financial services for customers—across Thailand, Indonesia, Vietnam, Myanmar, Cambodia, and the

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Matchmove Strengthens Fintech Play in Indonesia with MCAS and KREN

MatchMove Pay (MMP) announced today, the formalization of its partnership in an official agreement with PT Kresna Graha Investama Tbk (KREN) and PT M Cash Integrasi Tbk (MCAS) in Indonesia.  KREN and MCAS will each own 14.81% of the MMP

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