The partnership between Grab and Emtek has been strengthened by onboarding Bukalapak to the collaboration. Grab and Emtek, a media conglomerate, are currently collaborating to create an MSME acceleration program called the Kota Mapan Festival, which will be held in
Latest data reveals that paylater payment options have been gaining traction, with 55% of paylater users being new users (registered less than 12 months ago), and 41% of consumers chose the paylater feature to better manage monthly expenses. Paylater is
Last week, Gojek announced the sale of its Thailand business to AirAsia, Malaysia-based low-cost airline carrier. Both companies realized the synergies in the businesses that would contribute to AirAsia’s pivot to strengthen its Super App business. AirAsia’s Super App will
P2P actors have been focused on financing MSMEs in Indonesia. Modalku has disbursed +US$1.68 billion (IDR24.5 trillion) to 4.6 million MSME across Indonesia, Singapore, Malaysia and Thailand. Similarly, Koinworks stated that it had disbursed US$70 million (IDR1 trillion) in 2021
According to the 2021 Report by AppsFlyer, Indonesia ranks third among 15 other countries in terms of financial application installations. With a large population and relatively high percentage of underbanked and unbanked population, Indonesia is the only Southeast Asian country
Most domestic fintech lending capital comes from the financial services industry, such as banking, non-bank financial institutions, and cooperatives. The banking sector has continued to be the main capital-provider for fintech lenders since the beginning of 2021, up to US$165
The Financial Services Authority (OJK) evaluated the performance of Indonesia’s financial services sector to be solid, with capital availability and well-maintained credit risk management. OJK also highlighted the need for the financial services sector to monitor non-conventional metrics to manage
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
Shopee, e-commerce giant, and Jakpat, market research firm, conducted a survey with 1,214 respondents to understand consumer behaviour during the Ramadan fasting month. The results revealed that 80% of respondents surveyed in April used digital wallets for transactions, while 56%
Bank BRI launches Ceria, a consumer lending product with easy application and processing that can be used for purchases on e-commerce and travel sites. This is the bank’s effort to be competitive with the value proposition of ‘fast application and
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