Indonesia

The central bank has already finished the technical-heavy stage.

From addressing specific needs to developing new business models, banks are getting a digital makeover.

Banks should strategise solutions and create lasting value propositions amidst the threat of cyber attacks.

Top players are accounting for the lion's share of e-banking fees.

It has tapped on Diasoft’s FLEXTRA Suite solution.

Nonperforming loans have spiked after the 2014-2016 commodities downturn.

Bank Indonesia is campaigning for the shift to the National Payment Gateway card.

Loans posted double digit growth at 15.5%.

Earnings were boosted by higher interest income and lower interest expense.

Strong loan growth and higher fee-based income buoyed earnings.

The app’s wide payment capabilities poses a risk to conventional banks.

The central bank earlier scrapped the 15% required downpayment for first-time home buyers.

Analysts believe banks should be willing to extend loan terms to support this development.

Lending will be led by big banks who can lure clients from smaller players.

The Indonesian rupiah has plunged to a three-year low.

When it comes to growth opportunities for digital payments, Indonesia is in a league of its own. The prospect of tens of millions of new digital payment customers is too much for digital companies and investors to ignore. The likes of SoftBank, Alibaba’s Ant Financial, and Chinese ride hailing giant Didi-Chuxing are injecting billions of dollars into companies with a chance of gaining a foothold in the market.