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.
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.
Indonesia Startup Bags $50M for Lending to Rural Women
Amartha will use the funds from US-based Lendable to encourage women micro entrepreneurs.
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.
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.
Logiq’s New App Supports Financial Inclusion in Indonesia
The app will provide access to the company’s e-Wallet, local food delivery, and other mobile ecommerce solutions, as well as its recently announced mobile fintech platform for microlending, driver’s license testing payments, and mental health consultations.
Combating High Fintech Costs for Better Financial Inclusion
A breakthrough in risk management is needed through adequate information support by the Financial Services Authority.
Hong Kong Fintech Unicorn WeLab Raises $240M to Buy Indonesian Bank
With this move, WeLab is planning to launch a digital bank to capture the country’s enormous unbanked population.
Indonesian Financial Services Authority Enacts Consumer and Public Protection Regulation in the Financial Services Sector
The enactment of the new regulation could majorly update the the Indonesian Financial Services Authority's stated goal of maintaining a stable and transparent financial sector while protecting consumers and society.
COVID-19 Puts Focus on Social Responsibility in Asia Pacific
The coronavirus pandemic has magnified and exposed social imbalances in the region – underscoring the importance of financial inclusion as well as environmental, social and corporate governance.