Indonesia

Grab Plans 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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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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