Apple’s latest iPhone is reportedly still banned in Indonesia over the country’s content requirements. The tech giant had proposed a $1 billion investment in local manufacturing, although Indonesia’s government said that isn’t enough to meet a regulation requiring 40% of all content in devices to...
HSBC is reportedly considering scaling back its retail banking operations in Mexico, Malaysia, Indonesia and some other countries. The bank is considering focusing only on wealthier clients in these markets as it looks to cut costs and focus on its core markets, which are the...
Indonesia has banned Apple’s newest iPhone, hindering sales in one of the world’s largest countries. The ban on sales of the iPhone 16 came after Apple apparently failed to meet the government’s requirements for 40% local content in tablets and handsets, the Financial Times (FT) reported Monday (Oct. 28),...
Cross-border payments company Nium has launched a collaboration with Bank Rakyat Indonesia (BRI). The partnership lets BRI’s 150 million-plus account holders — many of whom live in remote parts of Indonesia, a nation of 17,000 islands — make real-time international money transfers across a range of payment methods, according to a...
April 04, 2023
Real-time payment systems have transformed how individuals and businesses transact and manage their money around the globe by allowing users to transfer funds instantly without needing physical cash or checks. Users can transfer funds from anywhere, anytime, using their mobile devices or online banking. This transformation has made payment systems more accessible and streamlined, […]
March 18, 2021
Building a digital payments infrastructure from the ground up in Southeast Asia is every bit as challenging as it sounds. Case in point: When FinTech company Xendit worked with a...
January 21, 2025
Google has reportedly been ordered by Indonesia’s antitrust agency to pay fines of 202 billion rupiah (about $12.4 million) for alleged unfair business practices. The agency found that the company abused its dominant position by threatening to remove app developers from its Google Play app store if they did not use its Google Pay Billing payment […]
January 08, 2025
Apple’s latest iPhone is reportedly still banned in Indonesia over the country’s content requirements. The tech giant had proposed a $1 billion investment in local manufacturing, although Indonesia’s government said...
December 13, 2024
HSBC is reportedly considering scaling back its retail banking operations in Mexico, Malaysia, Indonesia and some other countries. The bank is considering focusing only on wealthier clients in these markets...
October 28, 2024
Indonesia has banned Apple’s newest iPhone, hindering sales in one of the world’s largest countries. The ban on sales of the iPhone 16 came after Apple apparently failed to meet the government’s requirements for...
