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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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85% Of Consumers in SEA Adopt Cashless Payment Solutions
Within Southeast Asia, 85 per cent of consumers adopt some form of cashless payment solution, a study by Visa has revealed. Visa’s Consumer Payment Attitudes Study 2021 also found 46 per cent of Southeast Asian consumers carry less cash in
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The Alibaba of SEA? How GoTo Is Shaking Up Fintech in the Region
Has the Southeast Asian startup ecosystem ever witnessed a quarter more exciting than the current one? We entered the second quarter with Grab’s blockbuster SPAC listing. Valuing the super-app at US$40 billion and being the largest SPAC deal to date,
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Investors Bullish on Indonesia’s Fintech Sector
Fintech continued to lead Indonesia’s startup funding landscape in 2020, making up for most of the money raised that year, ahead of software-as-a-service (SaaS) and e-commerce. 2020 marked the fourth year where fintech dominated the amount of funding in the
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E-Commerce Payment Trends in Southeast Asia
Southeast Asian economies performed remarkably well in 2020 despite the pandemic. The Asian Development Bank (ADB) estimates a contraction of 3.8% for the region in 2020, a modest figure when compared to the eurozone at 7.9% and Britain at 10.1%.
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Crowded Indonesian Market: 51 Licensed E-Money Providers
Bank Indonesia, the country’s central bank, has issued two new e-money licenses so far this year. These two new additions bring the total number of licensed e-money providers to 51, comprising 14 banks, and 37 non-bank providers, according to data
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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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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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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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Indonesia’s is WeChat Pay and Alipay’s Next Battleground
The mobile payment scene in Indonesia is burgeoning, with research indicating that it will exceed US$ 15 billion by this year. This trend is largely driven by heavy investments into the space by major players like GoPay and OVO, alongside
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