WWB Capital Partners II is the second gender-lens investment fund established by Women’s World Banking aiming to close the gender gap by investing in high-performing financial service providers that serve low-income women.
Indonesian technology company Grab, one of the biggest names looking to make a mark in the segment, is engaged in expanding financial inclusion by adopting a grassroots strategy.
Indonesia: Logiq Partners With Comviva to Offer Digital Wallet and Payment Services to Millions of Mobile Users
Logiq also recently partnered with Yabx, a fintech venture of Comviva to offer credit-based financial services such as cash advance for merchants and "buy now, pay later" options for consumers.
IFC and PasarPolis Partner Amid Pandemic to Boost Microinsurance Safety Nets for Indonesia’s Most Vulnerable
Under an agreement, IFC will provide PasarPolis with $5 million in equity finance to develop infrastructure to connect insurers, digital platforms and customers unserved by the traditional insurance sector.
Indonesia's BRI Group has reduced the loan approval process for MSMEs in Southeast Asia from two weeks down to two minutes. The move comes at a critical moment when millions of businesses in the region are struggling to survive amidst the pandemic-driven economic recession.
The Indonesian Fintech Lenders Association has offered to help accelerate the disbursement of national economic recovery program funds as the government struggles to amass the data needed to deliver the money to the right places.
PT JULO Teknologi Finansial (JULO), an Indonesian based Fintech P2P Lending, initiated several programs to help individuals affected by the pandemic.
Fintech Adoption: Mobile, Digital, and Contactless Payments Increasingly Being Used in Indonesia Due to COVID-19
Certain segments of the fintech industry, including digital, mobile, and contactless payments, have seen increased adoption in recent months, since the pandemic began.