Indonesia
IFC Invests US$150M to Propel MSME Growth in Indonesia, Thailand
The International Finance Corporation (IFC) has partnered with KB Kookmin Card (KBC), a South Korean credit card issuer, to enhance financial access for small businesses in Indonesia and promote digital inclusion in Thailand. The financing agreement allocates a total of
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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
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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
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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
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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
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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
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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
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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
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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
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BRImo App by Bank Rakyat Indonesia Now Has Over 30 Million Users
PT Bank Rakyat Indonesia (BRI) has announced that its mobile banking app, BRImo, has reached over 30 million users, as the bank aims to enhance financial inclusion across the country. Since its launch in 2019, BRImo has seen its user
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