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Fintech News

Fintech and Banks Continue to Develop Paylater Business

Delayed instalment repayment of goods from point-of-purchase, or Buy-now-pay-later (BNPL) scheme has been growing fast since the beginning of Covid-19 pandemic. For example, Kredivo company works with major e-commerces in Indonesia, and has ~50% of the wallet share of transactions

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Fintech News

Fintech lending outlook for 2022

Latest OJK data revealed that there are only 103 licensed fintech lenders in Indonesia. Despite the decline in the number of fintech lenders, the industry’s credit disbursement has reached US$ ~908 million (IDR 12.97 trillion) as of November 2021, 51%

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Fintech News

Digital Banks to conduct direct lending in 2022

Digital banks, Bank Jago and Bank Neo Commerce, plan to launch loan products directly through their platform. Executive Director of the Indonesian Fintech Association (AFPI), Kuseryansah said, fintech peer-to-peer lenders do not consider digital banks as competitors, but as collaborators.

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