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Amartha Secures Digital Wallet License to Offer Digital Financial Services to Entrepreneurs in Indonesia
Source: tnglobal
Amartha, an Indonesia-based platform for entrepreneurs, announced Wednesday its transformation into Amartha Financial Group after securing a digital wallet license from Bank Indonesia.
This milestone marks a new chapter in Amartha’s mission to unlock the potential of Indonesia’s grassroots economy through digital technology, the firm said in a statement. Now, as Amartha Financial, the company is expanding beyond microloans into digital payments, micro-investments, and other tech-enabled financial services, delivering a complete suite of services, effectively delivering financial infrastructure for Indonesia’s rural economy, which employs over 40 million informal workers according to Indonesia’s Central Statistics Agency.
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