IFC research shares that the Southeast Asia (SEA) e-commerce market has the potential to reach >US$ 280 billion in 2025-2030. Increasing the number of women merchants on online platforms would help realize this potential. The Covid-19 pandemic has accelerated the
Bulog and TaniHub, agriculture startup companies, are partnering to strengthen national food security. The partnership covers various parts of the agricultural supply chain, from warehouse distribution networks to product marketing and farm finance. Given Bulog’s nationwide network of warehouses and
Kredivo, a fintech peer-to-peer company (P2P), acquired 24% of PT Bank Bisnis Internasional Tbk (BBSI) shares valued at US$38.5 million (IDR 551.31 billion). The management of BBSI shared that the change in share ownership had no impact on business operations.
Many MSMEs reported a rise in incomes due to business digitization and ability to reach a wider customer base. During the pandemic, ~12 million MSMEs switched to online platforms to sell their products. The government is targeting 18 million more
Bank Indonesia (BI) noted the increase in digital banking transactions, as the consumer preference for online shopping and digital payment options rose.The total volume of digital banking transactions in April 2021 grew by 60.27% year-on-year to ~573 million transactions with
Since the beginning of this year, there has been an increase in venture capital to startups. For example, Mandiri Capital Indonesia and BRI Ventures, injected funds into Bukalapak last April. MDI Ventures also participated in Series C funding for Cermati,
ALAMI, P2P for sharia lending, acquired one of the rural Sharia banks (BPRS) located in Jakarta, as part of its expansion to position itself as a leading sharia fintech company. The acquisition process was carried out in stages at the
With a combined gross transaction value of >US$22 billion and >11 million merchants, GoTo’s core business include e-commerce services, goods delivery, food delivery, and transportation. The network of merchants and delivery partners in the GoTo Group presents a wide choice
President Director of Pertamina, state-owned energy distribution enterprise, Nicke Widyawati, shared that the transition will focus on three main strategies with the goal of utilizing Indonesia’s abundant natural capital and optimizing its existing infrastructure. The strategies are intended to reduce
In March, as part of Indonesia’s effort to accelerate the nation-wide vaccination program of its 270 million population, the government introduced a scheme (Gotong Royong) for private companies and state-owned enterprises to procure vaccinations for their own workforce. The scheme
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