All News and Announcements

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News

Grassroot Strategy to Realize Financial Inclusion in Indonesia

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.

News

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.

News

Indonesia Startup Bags $50M for Lending to Rural Women

Amartha will use the funds from US-based Lendable to encourage women micro entrepreneurs.

News

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.

News

BRIBrain Uses AI to Speed Up Loan Approvals, Helps More MSMEs Survive Pandemic

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.

News

$500 Million ADB Loan to Expand Financial Inclusion in Indonesia

Financial inclusion will play an important role in Indonesia’s recovery from the coronavirus disease (COVID-19) pandemic.

News

Fintech Firms Offer To Help Disburse Government COVID-19 Funds

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. 

News

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.

News

Hong Kong Alt-Lender Oriente Raises $50m as It Looks to Step up Efforts in a Highly Competitive Sector

Oriente will use the money to boost its growth in existing markets and further new developments in places like Vietnam. 

News

Facebook, Three Fintech Firms in Talks to Launch Mobile Payments Service in Indonesia

If approved by country’s financial regulator, it would be among the first such service under the social media giant’s Facebook Pay application.