Posts From Fintech News Indonesia
Paywatch Eyes Expansion in Thailand and Vietnam for 2024
Paywatch, an earned wage access (EWA) provider, announced that it has officially expanded its services into Indonesia following its Philippines’ launch in October this year The firm revealed that it had recently partnered with an unnamed local banking partner to
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Indonesia Hosts Second Highest Number of Fintech Unicorns in Southeast Asia
Across Southeast Asia, Indonesia is rapidly emerging as a prominent fintech hub, a burgeoning industry that’s been growing on the back of economic growth, increased technology adoption and government support for fintech development. Data from market intelligence firm CB Insights
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TikTok Acquires Controlling Stake in Tokopedia to Revive E-Commerce Ambitions
In a move to bolster its online shopping presence in Southeast Asia, TikTok has announced a major investment of US$1.5 billion to acquire a controlling stake in Tokopedia, the e-commerce marketplace of Indonesia’s PT GoTo Gojek Tokopedia Tbk. This strategic
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Beyond Onboarding: Maximising Customer Value through Risk Decisioning in APAC
Discussions about risk decisioning platforms often center around onboarding and loan origination. However, investing at the start of the journey is just one aspect of the puzzle. Growth relies not only on attracting new customers but also on maximising the
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Indonesia and UAE Central Banks Expand MOU on Islamic Finance, Digital Innovation
The Bank Indonesia (BI) and Central Bank of the United Arab Emirates (CBUAE) have signed a Memorandum of Understanding (MOU) to enhance collaboration in various central banking sectors, including Islamic finance. This agreement, signed by BI Governor Perry Warjiyo and
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OJK Unveils New Roadmap to Strengthen and Develop Indonesia’s Sharia Banking
The Financial Services Authority (OJK) of Indonesia has unveiled its Islamic banking roadmap to enhance the resilience and impact of the Sharia banking sector in the country. An update from the previous plan, the 2023-2027 Roadmap for the Development and
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Silverlake Axis Partners Bank Mantap to Enhance Financial Inclusion in Indonesia
Silverlake Axis, a Singapore-mainboard listed fintech and digital banking solutions provider, has announced a strategic partnership with Indonesia’s Bank Mandiri Taspen (Bank Mantap). This collaboration is part of Silverlake Axis‘ expansion in Indonesia, highlighting its focus on the Indonesian market
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KASIKORNBANK Increases Stake in Indonesia’s Bank Maspion to 84.55%
KASIKORNBANK Financial Conglomerate, through its subsidiaries, has increased its investment in PT Bank Maspion Indonesia Tbk, raising its ownership to 84.55% to be its largest shareholder. This is in line with KBank’s goal of becoming the largest bank in East
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Citi Wraps Up Asian Consumer Banking Exit with Sale to UOB Indonesia
Citi has officially completed the transfer of its consumer banking operations in Indonesia to United Overseas Bank Indonesia (UOBI), in a move marking its ninth and final sale in its strategic refresh plan. This sale, which includes Citi’s retail banking,
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OCBC Indonesia Inks Deal to Acquire PT Bank Commonwealth for US$144M
In a significant move to expand its presence in Indonesia, PT Bank OCBC NISP Tbk (OCBC Indonesia) has agreed to acquire a 99% stake in PT Bank Commonwealth (PTBC) from Commonwealth Bank of Australia (CBA). The deal is reportedly worth
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