Ayoconnect’s Post

Fintech is undeniably a cornerstone of Indonesia's digital economy 💳 The surge in e-commerce, particularly during the pandemic, accelerated the adoption of fintech solutions. From enabling seamless online transactions to driving financial inclusion, fintech has become an integral part of our daily lives. Bambang Brodjonegoro, Former Ministry of Finance for Indonesia, gave an interesting point of view regarding fintech in Indonesia, during the Executive Sundowner event of Ayoconnect x Susquehanna Asia Venture Capital. It's clear that policymakers and businesses alike recognize its vital role in shaping our economic landscape. Check out the other #ConnectingMinds series on our LinkedIn page. To get to know more about Ayoconnect, visit www.ayoconnect.com ◀ #Ayoconnect #ConnectingMinds #fintech #digitaleconomy #ecommerce #Indonesia

Navigating fintech in Indonesia: Insights from industry pioneers 🚀 Indonesia’s fintech sector has come a long way, starting with innovations in online payments and expanding into new areas, especially in tier 2 and tier 3 cities. The ability to meet diverse financial needs is driving growth and connecting underserved communities to the financial system. With interest rates easing, the landscape is primed for even more innovation. The country's high digital adoption combined with a largely unbanked population presents a unique opportunity for fintech to bridge gaps in financial access. In our latest insights, learn more about how to navigate fintech in Indonesia with Adrianus Hitijahubessy, CEO and Co-Founder JULO, Benedicto Haryono, CEO and Co-Founder KoinWorks, Hendry Lieviant, CEO and Co-Founder Komunal Indonesia and Moses Lo, Founder and CEO Xendit. Read the full story at https://lnkd.in/gVq7KbWm

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

The ever-evolving world of the digital banking space, GoTyme, part of the TymeBank Group, is set to expand its operations into Vietnam and Indonesia this year. Following successful ventures in South Africa and the Philippines, this expansion marks a significant step in their journey. CEO Coenraad Jonker revealed these strategic moves, highlighting the bank’s commitment to making financial services more accessible. GoTyme’s unique ‘phygital’ approach, blending digital and physical presences, has been instrumental in reducing customer acquisition costs.   Resource: https://shorter.me/QqGxq ________ #SoutheastAsia #AsiaPacific #Technology #DigitalBanking #PrivateCapital #StrategicPartnerships #Growth

Indonesia’s position as the 4th most populated nation creates an exceptional opportunity for FinTech Apps and Brands to engage with a broad and dynamic audience, delivering innovative solutions to an ever-changing landscape.📈 With over 70% of the Indonesian population still being unbanked or underbanked the FinTech Industry in Indonesia is poised for extraordinary growth. As FinTech spearheads this wave of rapid expansion, it is expected to catalyze extraordinary development across other industry verticals as well.🚀 Discover the forces fueling Indonesia’s Fintech surge here: https://lnkd.in/g2tuA5Zn #GoUltra #FinTechReport2024 #Indonesia

Exciting milestone and a proud moment for JULO! 🏆 Indonesia's very own fintech company has made waves at the Asia FinTech Awards 2024 by winning three international awards: Data Initiative of The Year, Best Employer of The Year, and Team of The Year. As the only Indonesian fintech recognized in these categories, JULO stood out among top industry players across the Asia-Pacific. 🌏 Chief Data Officer of JULO, Martijn Wieriks acknowledged that the global recognitions underscore all JULOvers' dedication and commitment to innovation and excellence, including the well-being of the employees. From groundbreaking AI-driven customer insights to fostering a balanced and inclusive work environment, JULO continues to set the standard in the fintech industry. 🚀 Since 2016, JULO has been dedicated to improving lives through innovative financial solutions, and these recognitions reaffirm our impact on society. With a strong start to 2024, we’re excited to keep innovating and driving positive change in Indonesia’s fintech landscape. 🇮🇩 #JULO #Indonesia #TechCompany #Fintech #DigitalCredit #KreditDigital #BisaTerus #GlobalRecognition #IndustryLeaders #MakingWaves #InnovationExcellence

Reaching financial inclusion through fintech innovation! The fintech sector in Indonesia has accelerated to a whole new level in recent years as technology has reached out to every scope of living. The positive growth of its industry is also aligned with Indonesia’s current digital economic value. The combination of technology and finance has created new opportunities for the fintech industry, especially in the Asia Pacific region. However, large underserved, and underbanked populations in MSMEs still struggle to find financial solutions and access to financial inclusion daily. How will the digital transformation support fintech sectors in solving these issues? Find out more about the Fintech industry insights with KUMPUL SPOTLIGHT!  s.id/KUMPULSpotlight-9 Learn more about KUMPUL’s initiatives at www.kumpul.id #kumpul #kumpulid  #ThriveTogether

Unicorn Xendit expands the Thai market by offering digital payment product and embedded finance, expecting to enhance the growth potential of Thailand’s digital economy. The country reportedly is Xendit’s fourth Southeast Asian market after broadening its presence to the Philippines and Malaysia. This payment gateway startup revealed that SEA’s digital economy is gaining global investor attention due to its continuous growth prospects. It has had an average annual growth rate of 27% since 2021. Several factors, including the expansion of digital consumers, the drive for new businesses, the popularity of e-commerce, and the growth of digital finance, support this growth. Read more at https://buff.ly/43egWrP #news #LatestNews #Xendit #digital #heaptalk #payment #fintech #growth

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

Reflecting on those fintech initiatives that dramatically improved financial access in Indonesia's remote areas, I'm reminded of the sector's potential to drive a meaningful change. Such initiatives exemplify how fintech can transcend traditional boundaries, bringing essential services to those who need them most. These stories fuel our motivation to innovate and to develop solutions that have a tangible impact on people's lives, highlighting the transformative power of fintech. #FintechImpact #CommunityDevelopment #InclusiveFinance #ImpactfulFintech