The government estimates that the funding needed to achieve the target of reducing greenhouse gas emissions is in the thousands of trillions in IDR, and billions in US$. During the first day of the G20 meeting, Finance Minister, Sri Mulyani,
Flip is an Indonesia fintech that offers consumer payment services, and facilitates reliable transactions from anywhere to anyone. The Series B investment round was led by Sequoia Capital India, Insight Partners, and Insignia Ventures Partners. Some of Flip’s products are
Bank Indonesia (BI) plans to develop digital rupiah currency or Central Bank Digital Currency (CBDC). This development is beneficial for the financial technology sector and crypto assets that are being developed by various market actors. Deputy Chairperson of the Indonesian
Online credit platform company, Kredivo, is optimistic for the consumer facing buy now pay later (“PayLater”) product to gain more traction next year. Indonesia’s consumer behaviour has become increasingly digitized, with more consumers expecting seamless experience when making purchases. There
With increased competition to become the leading digital bank in Indonesia, banks are choosing to target existing digital ecosystems and increase customer acquisition for products such as savings, transaction services, and loans. BCA Digital, for example, has partnered with Blibli,
DECEMBER 9, 2021 – PT Access Digital Frontier (Access Digital) and Nikel have partnered to finance the distribution of deployable oxygen concentrator systems during the COVID-19 pandemic. This financing is part of the Indonesian Resilience Fund, managed by Nikel (also
The e-Conomy Sea 2021 report shows that Southeast Asia’s internet economic investment has started to recover amid the Covid-19 pandemic. The value of investment transactions in the region reached US$ 11.5 billion, up 83% year-on-year. The value of investment transactions
Data from the Financial Services Authority (OJK) shows that 70% of Micro, Small and Medium Enterprises (MSMEs) in Indonesia have yet to access financing from banks, due to weak financial assets and poor data transparency. Consequently, fintech companies plan to
State-owned banks are optimistic about the economic recovery, with a number of banks projecting credit growth to reach 10% by 2022. Both BRI and BTN estimate that credit distribution in 2022 to have year-on-year growth at 8-10%. BRI’s lending focus
OJK has officially launched a Roadmap for Indonesian Banking Development (RP2I) 2021 – 2025 for the Rural Banks (BPR) and Sharia Rural Banks (BPRS). BPRs and BPRS are expected to unlock synergies from the wider financial services ecosystem, and increase
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