Indonesia
Behind The Noise: Indonesia’s Real Stance on Bitcoin & Cryptocurrencies
The Central Bank of Indonesia (BI) caused a brief panic when it sent out a press release on Indonesia’s bitcoin ban earlier this month, reminding the Indonesian public to not buy and sell Bitcoin and other virtual currencies. Many media
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It’s Becoming Increasingly Difficult For Newcomers To Enter The Mobile Wallet Space In Indonesia
Providers of digital goods and services in Indonesia had to be inventive to make their business work. Credit cards aren’t widespread in the country, with only an estimated 7 to 8 million out of a population of roughly 265 million
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Ascend Money Announces 50,000 Agent Networks Across Southeast Asia
Ascend Money, a Southeast Asian fintech business under Thailand’s Ascend Group, has reached 50,000 agents—local franchises and networks such as convenience stores, pharmacies, street vendors, and cafes, that conduct financial services for customers—across Thailand, Indonesia, Vietnam, Myanmar, Cambodia, and the
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Matchmove Strengthens Fintech Play in Indonesia with MCAS and KREN
MatchMove Pay (MMP) announced today, the formalization of its partnership in an official agreement with PT Kresna Graha Investama Tbk (KREN) and PT M Cash Integrasi Tbk (MCAS) in Indonesia. KREN and MCAS will each own 14.81% of the MMP
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Sunline Master International to Boost Digital Banking in Indonesia
Sunline Master International (SMI) has inaugurated its new office on 12 October 2017 following the signing of a joint venture agreement in July 2017 between Shenzhen Sunline Tech Co Ltd & PT Mastersystem Infotama. This new company, operating under the name of Sunline Master
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10 Fast Growing FinTechs in Indonesia
IDC Financial Insights has unveiled a list of 10 fast growing fintechs in Indonesia, part of the broader FinTech 101 list for Asia/Pacific, at the FinTech Innovation Summit 2017 held at The Ritz-Carlton Pacific Place, Jakarta. “IDC’s FinTech Fast 101”
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NICE Provides The First Voice-Based Authentication Solution At A Domestic Bank In Indonesia
NICE claims that, with the implementation of NICE Real-Time Authentication, Permata Bank is the first domestic bank in Indonesia to introduce voice biometrics as part of its customer authentication protocol. NICE Real-Time Authentication (RTA), together with its process automation solution,
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Pundi X Launches First Retail Point Of Sale Solution For Cryptocurrency In Indonesia
Pundi X, a blockchain startup that aims to make cryptocurrencies an enabler of ubiquitous cashless payment environments across South East Asia, has unveiled the Pundi X POS (Point of Sale) smart device to enable shops, cafes and convenience stores to
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Fintech Takes Off In Indonesia
Investment in fintech startups is set to hit a record hit in 2017 with an estimated 50 deals to close this year, according to an analysis by CB Insights. While the overall industry is gaining traction from both consumers and
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Indonesia’s P2P Lending Regulations poised to encourage growth of local Fintech Providers
In December 2016, the Financial Services Authority (OJK) issued regulations on financial technology firms (Fintech) firms that run Peer-to-Peer(P2P) lending businesses. The regulations were issued in response to the rapid growth of Fintech start-ups in Indonesia, where the number of
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