Indonesia
Chart of the Week: Indonesia’s card payments market to be worth $71.8b by end-2024
But point-of-sales terminal penetration remains low.
15 hours ago
Chart of the Week: Indonesia’s card payments market to be worth $71.8b by end-2024
But point-of-sales terminal penetration remains low.
15 hours ago
Payments platform dLocal, Papaya Global team up to improve payroll processes
The partnership is live in Indonesia and Vietnam.
What Makes BNI's API Service Stand Out in the Open Banking Era?
Until December 2023, the bank's application programming interface attracted 4,000 customers and generated transactions worth IDR 828 trillion in the past year.
Bank Jago’s life-centric approach suits new style of financial management
The tech-based bank has assisted more than 10 million Indonesians through seamless integration into the digital ecosystem since 2021.
BCA Group’s blu app expands digital ecosystem through BaaS
The strategy has successfully fostered transactions and built customer trust by 53.4% throughout 2023.
New rules, price caps to push more mergers amongst Indonesia’s P2P lenders
The regulations will raise compliance costs, but price caps will make it hard to offset them.
Indonesia’s Islamic financing to expand by 10% -12% in 2024: deputy gov
Indonesia’s sharia economy and finance maintained positive growth in 2023.
Bank Mandiri’s loan quality improved moderately in 2023: Moody’s
Share of impaired loans were “modestly lower” compared to 2022.
Bank Tabungan Negara (BTN) to boost Shariah home ownership loans
As of November 2023, BTN Syariah’s assets have reached IDR 49 trillion.
SMBC’s Indonesian arm begins offering ESG deposit product
BTPN will earmark deposits made under this for financing in the ESG field.
New loans in Indonesia to moderate in Q1: survey
The weighted net balance is at 96.1% in Q4 2023, but is only expected to be 44.6% in Q1.
Indonesian banks extended more new loans in December
This was thanks to a rise in demand from both corporates and households.
Bank Tabungan Negara’s asset sale push a positive for the bank: analyst
The bank plans to offload $262m of bad loans in 2024.
BRI’s BRImo app now has 30.4 million users
There were only 2.9 million users in 2019, in comparison.
Indonesian fintech investments halved in 2023: study
Seed-stage and early-stage funding plummeted during the year.
Indonesia’s net liability IIP sustains slump Q3’23
It fell 0.5% quarter-on-quarter to $252.6.
Indonesia, Korea unveil operational guidelines for local currency transactions
This is part of the two countries’ agreement to promote bilateral transactions in local currency.
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