Indonesia
Loan forbearance extension clouds Indonesian banks’ asset quality for longer
Loan forbearance extension clouds Indonesian banks’ asset quality for longer
The extension is a positive for their asset quality and profits, but credit costs will remain elevated.
OVO dominates Indonesia as digital payment platforms
It also leads in both brand awareness, usage, and active users.
CIMB Niaga, JCB launch contactless credit card In Indonesia
Transactions below $70 (IDR1m) do not require customers to enter a pin.
Indonesian banks’ risks rise as new wave of infections dampen economic recovery
The rising number of COVID cases will delay the return to normal repayment schedules.
Refinitiv launches electronic trading service in Indonesia
This is the country’s first interbank electronic marketplace for the trading of rupiah.
Indonesia mulls tightening fintech, P2P regulations
New regulations may include higher capital hurdles for P2P players.
Bank Neo Commercial, Arash Digital, Wallyt partner to boost digital payments in Indonesia
The bank will add more digital payment services.
Japan's LINE launches digital bank in Indonesia
Indonesia is the third market in which LINE Bank is operating.
BRI Agro partners with Payfazz to offer digital banking solutions
Payfazz agents can now offer Pinang’s savings, lending solutions to their 10 million customers.
Indonesia mulls digital rupiah: report
The central bank is looking at how it will help monetary policy goals.
Indonesia’s Bank Agro appoints Kaspar Situmorang as CEO, to build neobank
Bank Agro will build on app Pinang's clientele to build a digital-only bank.
Indonesia upturns payments market with new foreign-friendly rules
The new regulations reduce the number of licenses and makes clinching foreign capital easier.
Indonesia upturns payments market with new foreign-friendly rules
The new regulations reduce the number of licenses and makes clinching foreign capital easier.
Indonesia’s Bank BRI to offer digital banking, lending products in Bukalapak
This comes after the bank’s venture capital arm invested in the company.
BRI's open banking initiative clears $3b of sales in 2020
This marks a 290% annual growth for BRIAPI.
DBS provides $60m structured trade facility to Indonesia petrochemical producer
Chandra Asri aims to expand export growth of petrochemical products from the country.
Fintechs' latest acquisitions hint at ASEAN banking sector shake-up
But they are unlikely to pose a challenge as newcomers and incumbents target different clients.
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