All News and Announcements
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.
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.
Indonesia Startup Bags $50M for Lending to Rural Women
Amartha will use the funds from US-based Lendable to encourage women micro entrepreneurs.
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.
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.
$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.
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.
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.
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.