Indonesia

Singtel, Grab Each Snag 16.3% of Indonesia’s PT Bank Fama
Singtel, Grab Each Snag 16.3% of Indonesia’s PT Bank Fama
January 21, 2022  |  Cross-border Payments

Telecom firm Singapore Telecommunications (Singtel) and ride hailing and payments firm Grab Holdings Ltd. each bought 16.3% of Indonesia’s PT Bank Fama International to expand their...

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Indonesia Digital Bank Rights Issue Attracts Grab Subsidiary Carro, Other Supporters
Indonesia Digital Bank Rights Issue Attracts Grab Subsidiary Carro, Other Supporters
January 05, 2022  |  Cross-border Payments

Car marketplace Carro, a subsidiary of food delivery platform Grab, is among several companies slated to participate in a 4.8-trillion-rupiah (about $334 million) rights issue...

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Bank of Indonesia Debuts New Retail Payments System 
Bank of Indonesia Debuts New Retail Payments System 
December 21, 2021  |  Payment Methods

The Bank of Indonesia (BI) on Tuesday (Dec. 21) debuted a new retail payments system that BI Governor Perry Warjiyo promised will cut the cost...

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Kredivo Assembles BNPL Offer With IKEA Indonesia
Kredivo Assembles BNPL Offer With IKEA Indonesia
December 16, 2021  |  BNPL

The Indonesian buy now, pay later (BNPL) platform Kredivo is teaming up with IKEA to offer customers the chance to pay for their furniture in...

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Indonesian FinTech Startup Flip Raises $48M to Accelerate Expansion
Indonesian FinTech Startup Flip Raises $48M to Accelerate Expansion
December 08, 2021  |  Investments

FinTech payments startup Flip raised $48 million in a Series B funding round co-led by Sequoia Capital India, Insight Partners, and Insignia Ventures Partners, according...

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Indonesia, UAE Banks Collaborate on Cross-Border Payments
Indonesia, UAE Banks Collaborate on Cross-Border Payments
November 30, 2021  |  Cross-border Payments

The central banks of Indonesia and the United Arab Emirates (UAE) have signed an agreement to boost payment system cooperation. As Open Gov Asia reported...

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Indonesians Can Open Bank Account with GoJek App
Indonesians Can Open Bank Account with GoJek App
November 29, 2021  |  Banking

Digital wallet GoPay is teaming with Bank Jago, the technology bank from Indonesia, to work on more streamlined digital banking to help the vast number...

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Indonesian Super App GoTo Lands $1.3B in Funding 
Indonesian Super App GoTo Lands $1.3B in Funding 
November 11, 2021  |  Investments

GoTo Group has secured $1.3 billion from investors as the Indonesian tech company prepares for its initial public offering.  As CNBC reported Thursday (Nov. 11),...

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Standard Chartered Partners With Kredivo for BNPL in Indonesia
Standard Chartered Partners With Kredivo for BNPL in Indonesia
October 29, 2021  |  BNPL

Indonesian customers can grab small loans through a partnership between FinTech Standard Chartered and digital credit platform Kredivo, which was announced on Thursday (Oct. 28),...

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