Tuesday, March 5, 2024
Tags Indonesia

Tag: Indonesia

Indonesia: Regulator predicts number of FinTech firms to double

FinTech in Indonesia is on the rise, thanks to its demographics and largely unbanked population. Read more: www.techwireasia.com

Indonesian bill-payment app Ayopop secures $1m Seed round

Indonesian bill payments app Ayopop has secured $1m in a Seed round. Japanese early-stage VC Gree Ventures led the investment. Read more: www.fintechroundup.com

Uber-rival Grab snatches Kudo to power up payments

South-East Asian Uber-rival Grab is boosting its payments powers with the acquisition of e-commerce and payments service Kudo. Read more: www.fintechroundup.com

Amartha secures Series A to reach more unbanked

Indonesian peer-to-peer (P2P) lending marketplace for underbanked communities Amartha has closed its Series A round led by Mandiri Capital Indonesia. Read more: www.fintechroundup.com

Jakarta-based POS MOKA lands $2m in Mandiri-led round

Jakarta-based point-of-sale (POS) startup MOKA has raised $2m in a new round of funding led by Mandiri Capital. Read more: www.fintechroundup.com

Indonesia’s Bank Central Asia sets up $15m FinTech fund

Indonesia’s Bank Central Asia (BCA) is set to invest $15m in FinTech companies as it looks to reach more of the South-East Asian nation’s unbanked consumers. Read more: www.fintechroundup.com

Indonesian banking giants to integrate cashless payments

Four Indonesian major commercial banks –from state-owned Bank Mandiri, Bank Negara Indonesia (BNI), Bank Rakyat Indonesia (BRI), to privately owned Bank Central Asia (BCA)– today announced a plan to integrate their cashless payment services under one network. Read more: www.e27.co

Indonesia’s Financial Services Authority issues first regulations

The regulations lay out minimum capital requirements, interest rate provision and education and consumer protection rules. Read more: www.natlawreview.com

Indonesia issues regulation on FinTech lending

The Financial Services Authority (OJK) has finally issued a regulation on financial technology firms that run peer-to-peer (P2P) lending businesses. Read more: www.thejakartapost.com

P2P lending, a new form of financial inclusion

P2P lending offers many advantages, like its flexibility, which allows it to channel capital to virtually anyone, in any amount, effectively, at low interest rates. read more: www.thejakartapost.com

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