Indonesia
Go-Jek doubles down to dent cash reliance in Indonesia
Go-Jek doubles down to dent cash reliance in Indonesia
As much as 99% of transactions are still carried out through hard, cold cash.
Fintech Akulaku acquires minority stake in Indonesian bank for $11.16m: report
It is aiming to make a total investment of $35.30m into Bank Yudha Bhakti.
Indonesian banks face liquidity crunch as loans pick up
Loans-to-deposit ratio rose 94% in 2018 from 89.6% the previous year.
Indonesia's 88 fintech lenders see opportunity in US$70b credit gap
With average loan sizes of US$35,000-200,000, farming remains the main opportunity.
Chart of the Week: P2P lending on the rise in Indonesia amidst lax rules
P2P financiers dispersed $1,400 in loans in December.
E-money transactions in Indonesia hit $3.3b in 2018
Users turned to digital money for e-commerce, mobile SIM top-ups, and public transport.
Bank Central Asia's net profit jumped 10.9% to $1.84b in 2018
Loan growth hit 15.1% amidst strong corporate demand.
Indonesia's Bank Mandiri mulls takeover of Standard Chartered-backed rival: report
It could merge it with Mandiri itself or with its unit, Bank Mantap.
Earnings gap between Indonesian banks widen as small players struggle
The 2018 profits of Book II banks dropped to $648.66m from $726.38m in 2017.
Indonesia's Islamic banks narrow earnings gap with conventional lenders
Return on assets rose to 1.5% in 2018 from 0.8% in 2017.
Bank Rakyat Indonesia profit up $2.32b in 2018
Non-interest income surged 25%.
Indonesia gears to set up mega-lender to oversee 40% of banking assets
The four state banks will be put under the holding company, PT Danareska.
Indonesia urged to cut bank network to 70 lenders
The bank association believes that this is the ideal number to foster competition.
Indonesian banks tie up to launch QR code payment platform with Alipay
'Link Aja' will launch sometime in February to March.
WeChat and AliPay still no-go in Indonesia
Bank Cental Asia and CIMB Niaga are still completing the necessary documents.
Indonesian banks refuse to pass rate hike burden to consumers
Borrowing costs remain low as lenders hope to stoke consumption.
Bank Negara Indonesia profit inches up 1% to $250m in Q3
Low interest expenses, which dropped 11%, boosted earnings.
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