Posts From Fintechnews Indonesia

Crowded Indonesian Market: 51 Licensed E-Money Providers

Bank Indonesia, the country’s central bank, has issued two new e-money licenses so far this year. These two new additions bring the total number of licensed e-money providers to 51, comprising 14 banks, and 37 non-bank providers, according to data

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Redefining Finance for Good: Indonesia’s Largest Bank Reflects on the Future of Banking

COVID-19 has been an important catalyst for digital transformation across all industries. In banking, the pandemic has accelerated banks’ digitalization push and triggered a sharp rise in digital payments and digital banking usage. In partnership with Finastra, the Fintech News

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Booming Indonesian Digital Finance Sector to See Revenues Reach US$8.6B by 2025

Indonesia, the largest economy in Southeast Asia and the eighth largest in the world in terms of purchasing power parity, has become one of the fastest growing fintech markets in the region. By 2025, digital financial services revenues in Indonesia

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Who is The Winner in Indonesia’s E-Wallet War?

iPrice Group collaborated with App Annie, an app market data and insight company, to summarise updates on e-wallet app platforms in Indonesia from Q2 2019 until 2020. Here are 7 major findings on e-wallets in Indonesia: 1. Local Players Dominate

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Amar Bank Launches Senyumku a “Digital-Only Bank” using Google Cloud

Amar Bank announced its collaboration with Google Cloud in introducing Senyumku, which they described as a digital-only bank launched in the Cloud. The collaboration is supported by FIS Cloud and Infofabrica, to enable the bank to utilize data analytics intelligence

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Insurtech Qoala Raises US$ 13.5 Million Despite COVID-19 Funding Slump

Qoala an insurtech headquarted out of Jakarta, today announced its successful US$13.5 million Series A fundraise. The round was led by Centauri Fund – a JV between funds from South Korea’s Kookmin Bank and Telkom Indonesia. New investors in the

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10 Fastest Growing Fintechs in Indonesia According to IDC

IDC Financial Insights today released the 2020 update of its FinTech Fast 101 research which details a list of fast-growing fintechs in Asia/Pacific excluding Japan (APEJ) from 11 key markets. IDC’s FinTech Fast 101 research refers to fast-growing fintech players

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How is Indonesia’s Economy Coping with COVID-19?

The hullabaloo surrounding the most contagious global pandemic in recent years is having a devastating impact on the Indonesian economy. According to Statista, 57% of Indonesians believe that the current COVID-19 outbreak will have a major impact on the national

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5 Emerging Fintech Startups from Indonesia to Watch in 2020

The Indonesian fintech industry witnessed steady growth in 2019 with several companies in the sector reaching notable scale and recognition. Ovo, a digital wallet, emerged as the country’s fifth startup unicorn, while several others, including Akulaku, a consumer installment loan

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Indonesia’s is WeChat Pay and Alipay’s Next Battleground

The mobile payment scene in Indonesia is burgeoning, with research indicating that it will exceed US$ 15 billion by this year. This trend is largely driven by heavy investments into the space by major players like GoPay and OVO, alongside

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