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.
Haiti: Central Bank Offers Housebuying Program With Easy Process to Fasten Recovery Efforts
Haiti's Bank of the Republic is reducing the credit risk of microfinance institutions that will further enable financial institutions to provide more microloans to the small businesses and individuals as the nation examines various long-term recovery options.
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.
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.