Indonesia

As digital banking proliferates through the developed world, its adoption in emerging markets in Southeast Asia continues to lag. A McKinsey study in 2018 noted that whilst digital banking penetration has grown by as much as 300%in certain emerging Asian countries, the median level is only around 52%.

Robust profitability and high capital retention keeps the sector well-capitalised.

Its acquisition of fintech startup Moka will improve monetisation or merchants in GoPay.

The minimum capital requirement may force them to consolidate or even cease operations altogether.

This allows the platform to buy and sell assets such as Bitcoin and Ethereum.

The central bank kept its benchmark rate at 5% on the back of lower inflation.

Bank Permata’s owners are seeking a valuation 1.6x of its book value.

Mass affluent individuals are expected to grow to 1.6 million by 2022.

Working capital and consumer loans are set to recover.

The rapid growth of e-commerce will support alternative lending options.

Healthy loan expansion will boost earnings.

Select outlets draw on a mix of batik and contemporary aesthetic and feature special aromatherapies.

It would relax the requirement for acquiring banks to merge local operations into one entity.

Lenders are introducing self-service lounges, cardless withdrawals and biometrics to grow their millennial client base.

Government initiatives could boost halal economy and bolster demand for Islamic financial services.

The prominent default of a financing firm in 2018 hit bank confidence.