Indonesia

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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Insurtech Platform Igloo Lands Partnership With Union Bank and Akulaku for Micro-Insurance

Igloo, Singapore-headquartered insurtech firm, announced partnerships with Union Bank of the Philippines and Indonesia’s Akulaku to offer micro-insurance policies. Akulaku is one of Indonesia’s most well-funded fintech startups who is best known for their “buy now, pay later” service. Igloo

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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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UOB Launches Digital Bank TMRW in Indonesia

UOB Indonesia launched TMRW, its digital bank to serve the Indonesian market as part of the group’s strategy to accelerate growth of its regional customer franchise, which follows their initial launch in Thailand in 2019. A key feature that they

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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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OVO’s P2P Lending Arm Taralite Secures License from Indonesia Financial Services Authority

OVO , a leading payments and financial services app in Indonesia, announced that its lending arm, Taralite, a peer-to-peer (p2p) lending services provider, has obtained a business license from the Indonesia Financial Services Authority (OJK). This decree elevates Taralite from

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Facebook and Paypal Invests in Gojek to Join its Bid to Boost Digital Payments

Gojek announced today that Facebook and PayPal have joined Google, Tencent and others as investors in its current fundraise. This new investment will support Gojek’s mission to boost Southeast Asia’s digital economy, with a focus on supporting payments and financial

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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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The State of Finance App Marketing: Finance Apps on the Rise in Southeast Asia

AppsFlyer released its first edition of the State of Finance App Marketing report, which tracked 4.6 billion app installs across more than 3,000 different apps globally since H2 2017 to H2 2019, including the Southeast Asian markets of Indonesia, Philippines,

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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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