Internet tariff in Indonesia is the 12th cheapest globally, according to a cable.co.uk report. Cellular operators warned that this may threaten the sustainability of the telecommunications sector in the country. The average price for mobile internet packages in Indonesia is
The National Long-Term Development Plan (RPJMN) targets 98% of Indonesia’s population to be covered by the National Health Insurance (JKN). However, as of December 2021, this target has only reached 86% of the population, and consequently, President Joko Widodo issued
There are four banks categorised as a KBMI, or bank with total capital across group holdings above US$ 4.86 billion (IDR 70 trillion). They are Bank Rakyat Indonesia, Bank Mandiri, Bank Central Asia, and Bank Negara Indonesia. According to the
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,
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
Bank Indonesia (BI) extended the minimum credit card payment limit of 5% to mid-2022. The central bank, or BI, also extended the reduction in late payment penalties as one of the measures to support the ongoing economic recovery. According
The transportation sector plays an important role in the economic recovery process. Minister of Transportation, Budi Karya Sumadi, shared that Indonesia’s economic growth of 7.07% in 2021 Q2 was driven by physical mobility of consumers and businesses. Budi shared that
PT Bank Rakyat Indonesia Agroniaga Tbk (“BRI Agro”) changed its name to PT Bank Raya Indonesia Tbk (“Bank Raya”), as part of the bank’s commitment to become a digital bank. The former name, BRI Agro, was closely associated with an
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