Tag "ovo"

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

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

Read More
10 Fastest Growing Fintechs in Indonesia According to IDC
Indonesia

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

Read More
OVO and Bareksa Partner to Enable Investments for All Indonesians
Indonesia

OVO and Bareksa Partner to Enable Investments for All Indonesians

Ovo, one of Indonesia’s leading digital payment and digital financial services platform kicks off its collaboration with Bareksa, an integrated online mutual fund marketplace. From early February onwards, OVO users can purchase mutual funds through the Bareksa platform seamlessly. Jason

Read More
Grab Reportedly Eyeing to Merge OVO and Dana in a Bid to Compete with Gojek
Indonesia Mobile Payments

Grab Reportedly Eyeing to Merge OVO and Dana in a Bid to Compete with Gojek

Ride-hailing giant and super-app aspirant Grab is rumoured to be in talks to merge Indonesian digital payments firm OVO with DANA in which Grab is eyeing to acquire a majority interest in. Currently, Grab already own shares in OVO and

Read More
Indonesia’s OVO Adopts Refinitiv’s World Check to Boost KYC Capabilities
Indonesia Mobile Payments Regtech

Indonesia’s OVO Adopts Refinitiv’s World Check to Boost KYC Capabilities

OVO, one of Indonesia’s leading digital payments platform, has selected Refinitiv’s World-Check to support its Know-Your-Customer (KYC) and Anti-Money Laundering (AML) procedures to minimize its exposure to financial crime risks. This partnership comes at a time when OVO looks to

Read More
Fresh off its SoftBank Funding, Grab is Already Eyeing to Raise US $6.5 Billion
Funding Mobile Payments

Fresh off its SoftBank Funding, Grab is Already Eyeing to Raise US $6.5 Billion

A scant few weeks after closing its Series H led by SoftBank Vision Fund, Grab already has its eye on raising a grand total of US$6.5 billion by the end of the year. Before the ride-hailing giant embarks on its

Read More
Insurance & Indonesia: What Grab’s New US$1.46 Bil Brings to The Table
Funding Indonesia InsurTech

Insurance & Indonesia: What Grab’s New US$1.46 Bil Brings to The Table

Grab has been accused of being the most capitalised startup in Southeast Asia’s history, and with this recent closing of a whopping Series H we find it hard to disagree. Grab opened this round round since June last year, and at its

Read More
Why is Indonesia’s Payments Landscape So Fragmented?
Indonesia

Why is Indonesia’s Payments Landscape So Fragmented?

Indonesia is slowly moving away from its dependency on cash as startups, banks, and telcos alike are all introducing new types of card-based and mobile money. Some of them are forcing consumers into their ecosystems. For example, the country made

Read More
It’s Becoming Increasingly Difficult For Newcomers To Enter The Mobile Wallet Space In Indonesia
Indonesia

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

Read More