Indonesia

Cardholders will get a $974 cashback if they spend $9,750 across a certain period.

This is MUFG’s second project financed greenfield data centre transaction in APAC in 2023.

It boosted its consolidated earnings to IDR23.56t.

Danamon’s next-generation branches reshape banking by performing more advisory functions and improving customer experiences.

Net profit will rise by 21% year-on-year.

This fintech startup plans to leverage technology to lift the Indonesian market’s potential for better financing.

The digital asset company plans to eventually offer remittance, lending, and borrowing.

MUFG will hold 70.6% of shares whilst PT Adira Dinamika Multi Finance Tbk will hold 10%.

Within a year, the digital sharia bank got past low penetration to record 1.7 million customers and now targets multiple times growth by end-2023.

Mastercard and Indosat Ooredoo Hutchison (Indosat) have formed a strategic partnership to enhance Indonesia's digital payment landscape.

The funding aims to promote responsible borrowing and fair credit practices in Indonesia.

Its Institutional Clients Group registered a 2.5% loan growth during the quarter.

Leaders and experts in insurance and marketing roll out tech-based strategies to unlock growth potential in Indonesia’s untapped market at Jakarta Forum.

Banking leaders at Asian Business & Finance’s Jakarta forum push digital technology and innovation to create seamless and personalised services.  

The partnership was signed last 2 May.

The project is now open to the public after more than a year since its pilot phase.