Sustainability is essential for the future of the fintech industry in Indonesia. With a population of almost 300 million people in Indonesia, with large underbanked and unbanked population, digital penetration is increasing. Cash usage is also increasing so how does the payments industry adapt to make it easy for the consumer? Technology is not sufficient alone for innovation. Regulations, rules and good corporate governance are essential for the public to trust the industry and feel protected. Exhibitors and panelists at the Indonesian Fintech Summit & Expo shared products and ideas to embrace an innovate approach to user-friendly delivery with safety, security, simplicity and cost minimization remaining front of mind. Sally Sternecker Camilla Bullock Astri Abyanti Dike Armelia Saviera Nia Garneta Nefi Sun Pratiwi Sitompul Awang Yusuf Aulia Putrayasha Reancy Triashari Michael Geoffrey Asosiasi FinTech Indonesia Asosiasi Fintech Syariah Indonesia (AFSI) Otoritas Jasa Keuangan (AFPI) Asosiasi FinTech Pendanaan Bersama Indonesia #epaa #payments #asiapaymentsinsights
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Growth & Partnerships | LinkedIn Top Voice | Fintech and Payments | Board Member | Independent Director | Product Advisor
𝗗𝗶𝘃𝗲 𝗶𝗻𝘁𝗼 𝗜𝗻𝗱𝗼𝗻𝗲𝘀𝗶𝗮'𝘀 𝗕𝗼𝗼𝗺𝗶𝗻𝗴 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲: 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝗧𝗵𝗼𝘂𝗴𝗵𝘁 𝗟𝗲𝗮𝗱𝗲𝗿𝘀 & 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗦𝘁𝗮𝗿𝘀! Want the inside scoop on Indonesia's rapidly evolving payments scene? My latest report, "Exploring Payments in Indonesia: An Industry Outlook," with Emerging Payments Association Asia, digs deep into key trends and insights, fueled by exclusive interviews with renowned experts like: Chris Yeo, Jakob Rost, Brent Chinn, Vincent Tjendra, Amit Chopra, Yoanna D. , Nitin Sharma, Irni Palar, & Budi Gandasoebrata Here's a taste of what you'll discover: ▶️The Rise of Digital & Contactless Payments: QR codes reign supreme, fueled by QRIS and a government push for a cashless society. ▶️Fintechs Disrupting the Game: These innovative players are shaking things up with tailored solutions like BNPL and A2A payments, boosting financial inclusion. ▶️Deep Coverage & Strategic Partnerships: Fintechs are winning by focusing on specific segments and partnering with traditional giants for expertise and reach. ▶️Digital Banks & E-wallets: A New Wave of Convenience: But challenges remain in differentiation and rural adoption. ️ ▶️The Government's Role: Striking a balance between fostering innovation and ensuring stability is key. Ready to dive deeper? Download the full report for a comprehensive analysis of Indonesia's payments landscape and insights from industry leaders: [link in comments]. 𝗧𝗵𝗶𝘀 𝗿𝗲𝗽𝗼𝗿𝘁 𝗶𝘀 𝘆𝗼𝘂𝗿 𝗴𝗮𝘁𝗲𝘄𝗮𝘆 𝘁𝗼 𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴: 📌The opportunities and challenges in Indonesia's payments market. 📌How to navigate the dynamic landscape and stay ahead of the curve. 📌The strategies used by industry leaders to achieve success. #DigitalPayments #Indonesia #Fintech #FinancialInclusion #DigitalEconomy #southeastasia P.S. Share your thoughts on Indonesia's payments scene in the comments below! P.P.S. Don't forget to follow me for more insights on the future of payments and fintech! 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝘆𝗼𝘂𝗿 𝗳𝗿𝗲𝗲 𝗰𝗼𝗽𝘆 𝘁𝗼𝗱𝗮𝘆 𝗮𝗻𝗱 𝗷𝗼𝗶𝗻 𝘁𝗵𝗲 𝗰𝗼𝗻𝘃𝗲𝗿𝘀𝗮𝘁𝗶𝗼𝗻!
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Happy National Fintech Day! Let's collaborate together towards a shared objective of advancing Indonesia's digital economy To find out more about the events taking place throughout National Fintech Month, kindly check Asosiasi FinTech Indonesia #VIDADigitalIdentity #BulanFintechNasional #sipalingfintech
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Indonesia's fintech sector has experienced exponential growth, expanding six-fold from 51 active entities in 2011 to 330 by 2023. This surge reflects our nation's commitment to embracing digital solutions, which not only enhance financial accessibility but also pave the way for innovative opportunities across various sectors. Such growth is instrumental in shaping our economy's future, fostering an environment where technology and finance converge to empower every Indonesian. So, how many Fintechs will emerge in Indonesia this year? #FintechGrowth #DigitalIndonesia #Innovation #FintechGrowthIndonesia #FintechInclusion #TransformationalFintech
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Indonesia's fintech sector 🇮🇩 is experiencing remarkable growth, with the number of players increasing sixfold from 51 in 2011 to 334 in 2022 📈 This dynamic market is projected to generate a substantial $8.6 billion in revenue by 2025. Fueled by a significant unbanked population and numerous government initiatives, Indonesia's fintech landscape is poised to bridge the financial inclusion gap and offer a future of personalised and accessible financial services for all. Read the slides and let us know in the comment what you think of this #fintech development in the future! 👇 #Financialtechnology #Digitalinnovation #Indonesia #EquatoriseAdvisory
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How can digital banking change the very fabric of society for the better? In less developed economies financial inclusion is a big problem. In the case of Indonesia, 80% of people are either 'unbanked' or 'underbanked', meaning they either have no access to a bank account (cash only) or don't have access to any lines of credit. In a population of 270 million people, thats a 216 million persons-sized problem. Digitisation in these regions is a very different proposition. In developed economies it's digital challengers fighting for already-established and profitable segments. In developing it is changing the fabric of their economies in seismic proportions. In Indonesia PT Bank BTPN Tbk uses its Jenius banking app. However, there are other solutions emerging in the region that compete, including Gojek and Grab who provide digital payments. 🇮🇩 For Indonesia, digital transformation is something societal. It's big! #fintech #digitaltransformation #digitalbanking
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Indonesia’s huge market size, large unbanked and underbanked population coupled with internet penetration means there is an enormous opportunity across various verticals within the the fintech industry to flourish. Despite challenges, some of the models that are in the spotlight include P2P lending, B2B fintech payments, virtual credit cards, and BNPL among others. On the funding side, the fintech industry in SE Asia remained the most popular vertical in the third quarter, but deal volume fell to a five-year low. Wealthtech remained the most popular fintech category followed by e-payment and fintech lending. What are some of the white spaces that will be standout niches in Indonesian fintech? How are operators navigating regulatory constraints, scalability challenges, and user acquisition amid the overall funding winter? Is consolidation the way forward? -Ankur Mehrotra, Group President, JULO -Dean Krstevski, Chief Operating Officer, DANA Indonesia -dharu estiningrum, President Director, Honest -Reza Ari Wibowo, Chief Finance & Strategy Officer, LinkAja -Jennifer Ho, Partner, Integra Partners [Moderator] Join the discussion: https://lnkd.in/gnpsDcbi #PrivateEquity #VentureCapital #Indonesia #Summit #Conference
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🚀 Indonesia's Fintech landscape is booming! With millions embracing digital payment services for everyday use, this growth presents a prime opportunity to enhance your brand's user acquisition strategy.💡 Elevate your brand's Fintech game in Indonesia with our latest report. From industry trends to breakthrough innovations, get the insights you need to propel your brand’s growth and achieve new heights!📈 Discover your FinTech App’s growth potential here: https://lnkd.in/g2tuA5Zn #GoUltra #Fintech #Indonesia #FintechReport2024
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Vice President International Sales & Marketing | Growth & Revenue | GTM Guy | #GlobalExpansion #InternationalGrowthStrategies | ex - InMobi, Microsoft
Fintech Frenzy in Indonesia! 🤑 Indonesia's fintech scene is 🔥! Payments are leading the charge with a massive 60M users and a projected growth of 26% next year. 📈 Women are killing it with 35-40% of fintech users, while millennials reign supreme. 👑 Urbanites love lifestyle credit, while rural folks prioritize essentials. 🛍️ Lending apps are seeing a crazy 2.5x increase in installs this year! 🤯 Once hooked, users stick around for 2-3 loans. It's a land grab out there! 🚜 So much potential, can't wait to see what happens next! 🚀 #fintech #Indonesia #payments #lending #womenintech #millennials #urban #rural
🚀 Indonesia's Fintech landscape is booming! With millions embracing digital payment services for everyday use, this growth presents a prime opportunity to enhance your brand's user acquisition strategy.💡 Elevate your brand's Fintech game in Indonesia with our latest report. From industry trends to breakthrough innovations, get the insights you need to propel your brand’s growth and achieve new heights!📈 Discover your FinTech App’s growth potential here: https://lnkd.in/g2tuA5Zn #GoUltra #Fintech #Indonesia #FintechReport2024
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Counting the days to Indonesia Fintech Summit 2023! Are you curious to know how OY! collaborates with @fintechid to advance economic growth? Read more about how our vision synergizes in making thriving #FinancialSolutions a reality! #OYIndonesia #OYBusiness #SecureYourWayForward #OYxAFTECH
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🚀 Fintech Rising: Navigating Indonesia's Evolving Regulatory Framework 🌏 As Indonesia's fintech sector thrives, a critical component steering its growth is the evolving regulatory framework. This environment is pivotal in shaping a sustainable and responsible fintech ecosystem: 📲 Cashless Society Emerges: Amidst this regulatory evolution, the shift from cash to digital transactions continues to gain momentum. Government initiatives are instrumental in this transition, fostering the adoption of digital payments and supporting infrastructures like e-wallets and mobile banking. #DigitalTransformation #CashlessSociety 💡 Embedded Finance Flourishes: The regulatory landscape plays a crucial role in the rise of embedded finance. By integrating financial services into commonly used digital platforms, Indonesia is witnessing a seamless fusion of lifestyle and financial services. Regulatory oversight ensures security and consumer protection. #EmbeddedFinance #Innovation ⚖️ Evolving Regulatory Framework: The core of Indonesia's fintech success lies in its adaptive regulatory approach. Authorities are crafting an environment conducive to fintech growth while ensuring compliance and security. This balance fosters a robust, dynamic, and inclusive fintech ecosystem. #FintechRegulation #SustainableGrowth Indonesia's fintech landscape is a testament to how progressive regulation can fuel innovation while ensuring security and fairness. As the regulatory framework continues to evolve, it will undoubtedly play a defining role in shaping the future of financial services in the region. 🌟 #FintechFuture #indonesiamaju 🇮🇩
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