Discover all the payments and fintech-related news and analysis about Indonesia in The Paypers News, Reports, along with other Indonesia-specific insights on the payments and fintech industry:
Discover all the payments and fintech-related news and analysis about Indonesia in The Paypers News, Reports, along with other
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Ayoconnect, Open Finance platform, has launched an API that provides Indonesian companies, including non-banking financial institutions, with recurring capabilities that can debit from customers’ saving accounts across multiple banks.
product launch, banks, Open Finance, API, financial institutions
Bank Syariah Indonesia (BSI) has collaborated with Ayoconnect to develop Open Banking in Indonesia, according to swa.co.id.
partnership, Open Banking, Islamic banking
PPRO, a provider of digital payments infrastructure, has integrated Gojek’s GoPay e-wallet onto its platform, helping PPRO to offer better coverage of the Indonesian market.
partnership, BNPL, payment methods, Unicorn, digital payments
China-Based TikTok has revealed its plans to obtain a payments licence in Indonesia and is working with regulators towards this goal.
regulation, ecommerce, payments , expansion
Indonesia has launched a national crypto asset bourse to open transaction records to regulators and protect crypto investors.
cryptocurrency, cryptocurrency exchange, digital assets, regulation, compliance, investment
Indonesia has reportedly blocked the search engine Yahoo, online payments giant PayPal, and several gaming websites for failing to comply with licensing rules.
regulation, regulatory sandbox, social commerce, online platform, compliance
Indonesia-based bank BTPN has partnered with Surecomp to launch its DOKA solution in order to streamline back-office trade finance processing automation.
partnership, product launch, online banking, digital banking, financial data, trade finance
Zennon Kapron, Director at Kapronasia, talks about Indonesia’s latest real-time payments platform and how can it be used to drive financial inclusion for over 90 million underbanked people.
SMEs, online payments, QR code, QR payments, digital payments, digitalisation, financial inclusion, mobile payments, mobile money, cross-border ecommerce, cross-border payments, e-wallet, e-money
TikTok has entered into a joint venture with Indonesian tech company GoTo to resume its online shopping operations in the country.
partnership, social commerce, ecommerce, online shopping
Bank INA has chosen Mambu’s cloud-native core banking platform as the technology foundation as it brings new digital banking services in Indonesia.
digital banking, cloud banking, partnership, digitalisation
Singapore-based crypto gateway Alchemy Pay and fintech Berkah Digital have jointly obtained Indonesian licenses to operate remittances and fund transfers.
fintech, crypto, payment gateway, remittance, money transfer, central bank
Indonesia-based peer-to-peer financial technology company JULO has added insurance coverage via its JULO Cares solution.
product launch, insurance, financial inclusion, fintech, credit access, unbanked, financial services, financing
Ayoconnect, an Indonesia-based Open Finance API platform, has partnered with Mastercard to modernise bank account-based payments and co-create Open Finance solutions in Indonesia.
partnership, banks, Open Banking, Open Finance, API
Indonesia-based IBF Net has launched the world’s first Metaverse on the Algorand blockchain in order to support digitalisation in the Islamic world.
blockchain, metaverse, web3, product launch
World Bank Group’s International Bank for Reconstruction and Development (IBRD) has provided Indonesia USD 250 million to help strengthen the country’s civil registration.
investment, digital identity, banks, biometrics, transactions
Global investment firm KKR has announced it will participate as a lead investor in a USD 48 million Series C funding round in digital trust provider, Privy.
investment, funding, fraud management, fraud detection, fraud prevention, digital identity, online fraud
US-based transaction guarantee platform Vesta has announced its partnership with Blibli, an Indonesian omnichannel commerce and lifestyle ecosystems, to increase approval rates through its payment guarantee product.
ecommerce, partnership, fraud prevention, risk management, online security
Singapore-based B2B embedded finance startup Fairbanc has received USD 13.3 million in debt financing to expand operations in Indonesia.
BNPL, debt facility, expansion, credit scoring, SMEs
Binance has finalised its acquisition of Indonesian crypto trading company Tokocrypt, for which they have been a major shareholder from the very beginning.
acquisition, funding, cryptocurrency, digital assets, cryptocurrency exchange
Indonesia-based start-up GoTo is increasing its BNPL loans regardless of rising regulatory stress.
BNPL, instalment payments, product upgrade, growth markets, funding