Indonesia
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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How Fintech Companies Can Help Indonesian Banks
With a population of over 250 million, consistent economic growth and high mobile phone penetration, Indonesia has emerged as one of Southeast Asia’s most promising markets for fintech disruption. The World Economic Forum predicts that by 2020, Indonesia will become
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Grab Plans To Be the #1 Mobile Payments Platform in Southeast Asia
Grab, the leading ride-hailing and logistics services startup in Southeast Asia, is looking to become the top mobile payments platform in the region. In order to “solidify its leadership in digital payments,” the firm has signed in April an agreement
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Why Indonesia needs Fintech?
Southeast Asia’s largest economy would rather use fintech platforms for their financial needs rather than the country’s more well-established banking institutions with regulations being proposed to safeguard investors and borrowers alike, Indonesia’s fintech industry is set to expand even further.
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How the world can learn from Indonesia’s microfinance scene
Microfinance disasters have made the news in recent years and the industry has drawn some flak for being unregulated. Indonesia has had relative success. What lessons can we draw from them? Stories of microloan borrowers in impoverished parts of India
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Indonesia Turn to E-Payment Services as the Sector Takes the Lion’s Share in Local Fintech Market
With the proliferation of e-commerce, 43% of the fintech players in Indonesia are in the payment sector, with offerings ranging from mobile payment to payment gateway, according to the Indonesia Fintech Association (IFA) report 2017. The growth of e-commerce has
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Cermati Secured Series A Extension Funding from Orange Growth Capital
Indonesia’s financial e-commerce provider, Cermati, has raised seven-digit USD funding from Orange Growth Capital (“OGC”), one of the leading European and Asian FinTech VCs. Cermati will use the additional funding to expand the team, bolster its product offering and further
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Alibaba Founder Appointed As Malaysia’s Digital Economy Advisor Amid Digital Free Trade Zone Initiative
Jack Ma, the founder and executive chairman of Alibaba Group, has been appointed as Malaysia’s digital economy advisor as the government looks to boost the country’s e-commerce and Internet sector, and create new opportunities for Malaysia. Prime minister Datuk Seri
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J. P. Morgan Launches Indonesia Virtual Banks
J.P. Morgan has launched its virtual branch in Indonesia, the second location globally where it has been rolled out. Offered via the J.P. Morgan ACCESS® OnlineSM, the virtual branch is a fully integrated platform that provides a comprehensive suite of banking
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