Posts From Fintech News Indonesia

OCBC Completes Acquisition of PT Bank Commonwealth Indonesia

OCBC Bank has officially completed the acquisition of PT Bank Commonwealth Indonesia through its Indonesian subsidiary, PT Bank OCBC NISP Tbk, as of 1 May 2024. The deal transfers 100% ownership of PT Bank Commonwealth Indonesia to OCBC, making it

Read More

Eri Budiono to Lead Indonesia’s Bank Neo Commerce as New CEO

Bank Neo Commerce (BNC), an Indonesian digital bank, has named Eri Budiono as its new Chief Executive Officer (CEO) in a strategic leadership reshuffle, according to Tech in Asia. The appointment was confirmed during the company’s general shareholders meeting, following

Read More

Mandiri Capital Indonesia Showcases Xponent Programme at Money 20/20 Asia

Mandiri Capital Indonesia (MCI), the venture capital arm of Bank Mandiri, is debuted its Xponent programme at the recent Money 20/20 Asia in Bangkok, aiming to enhance collaboration within the fintech sector. The programme, now in its fourth edition, connects

Read More

Indonesian Insurance Broker Officially Rebrands Following bolttech Acquisition

Indonesian insurance broker PT Axle Asia has officially changed its name to PT Bolttech Insurance Broker, adopting the bolttech brand. The rebranding will not affect its current services or agreements with partners and customers. This change follows bolttech’s acquisition of

Read More

No Formal Permit Application for Alipay+ to Operate in Indonesia, Says Central Bank

Ant Group, a Chinese financial affiliate of the Alibaba Group, has not yet formally applied for a permit to operate its Alipay+ service in Indonesia, according to Filianingsih Hendarta, Deputy Governor of Bank Indonesia. According to Reuters, Hendarta clarified the

Read More

Indonesia and Australia Partner to Improve Crypto Tax Compliance

The Indonesian Directorate General of Taxes (DGT) and the Australian Taxation Office (ATO) have entered into a Memorandum of Understanding for cryptocurrency information sharing. This agreement aims to bolster the detection and management of crypto assets potentially subject to taxation

Read More

Securing Mobile Apps Against Malware and Phishing Attacks in Indonesia

Indonesia’s financial technology landscape is experiencing explosive growth, fueled by the rise of mobile payments and digital banking. While this digital transformation offers undeniable convenience, it also introduces new challenges to mobile security in Indonesia Malware and phishing attacks pose

Read More

Nium Partners with Artajasa to Enhance Cross-Border Payments in Indonesia

Global payments company Nium has announced a new partnership with Artajasa, a prominent Indonesian payment infrastructure provider. This collaboration, formalised through a Memorandum of Understanding (MOU) at the Money 20/20 Asia conference in Bangkok, aims to improve real-time, cross-border payment

Read More

Brankas Claims to Be First to Secure Open Banking Data License in Indonesia

Southeast Asian open finance platform Brankas has reportedly become the first company in Indonesia to obtain a Payment Service Provider (PJP) Category 2 license for Account Information Services (AInS) from Bank Indonesia. This license allows Brankas to offer enhanced transparency

Read More

Tokopedia Taps Igloo to Offer Insurance Products for Consumers and MSMEs

Insurtech company Igloo has partnered with Tokopedia, Indonesia’s online marketplace, to extend the availability of insurance products to a wide audience across the country, targeting both individual consumers and over 14 million micro, small, and medium-sized enterprises (MSMEs). Igloo and

Read More