Google, Temasek, and Bain released a report estimating Indonesia’s digital economy’s value at US$ 70 billion (IDR 997 trillion) for this year, a 49% year-on-year growth. The report also estimates the digital economy to reach US$ 146 billion (IDR 2.08
Research from Katadata Insight Center (KIC) and Kredivo shows that 27% of the 3,560 e-commerce shoppers paid by installments, or pay-later, during the past year. KIC Research Director Mulya Amri noted that digital wallets (e-wallet) were the main payment option
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
‘Superapp’ refers to a closed digital ecosystem with many applications that users use daily. In Indonesia, the superapps are no longer limited to Gojek and Grab; Bukalapak, Shopee and Koinworks have also been developing a variety of services to become
Effective from 10th February 2021, Bank BKE has changed its name to Bank Seabank Indonesia, after officially acquired by Sea Group’s e-commerce platform Shopee. This effort by Shopee is to grow its payments arm, PayLater, and enter the digital banking
Predicted to occur this month, Gojek and Tokopedia’s likely merger is expected to fetch a valuation of IDR ~559 trillion (US$ ~40 billion). According to Bloomberg sources, the two companies are discussing merger scenarios, with various closing timelines and IPO
Since the start of the pandemic, SMEs are entering the digital ecosystem to reach customers. Bukalapak and Tokopedia claim their SME merchants increased their income by 1,400% (x15) since joining the platform. In 2020, Bukalapak reported 5 million SMEs on
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