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Investment Watchdog Finds 144 Unlicensed Fintech Platforms

Investment Watchdog Finds 144 Unlicensed Fintech Platforms

The Financial Services Authority (OJK) previously said it had blocked hundreds of unlicensed P2P lending websites and applications. However, unlicensed platforms could easily be established, Investment Alert Tax Force chairman Tongam L. Tobing said in Jakarta on...
Bitcoin Briefly Hits $5,000 after 20 Percent Surge

Bitcoin Briefly Hits $5,000 after 20 Percent Surge

Bitcoins is a digital currency designed to obscure the identities of the people using it. (Bloomberg/Goerge Frey) (Bloomberg/George Frey)Bitcoin briefly touched $5,000 on Tuesday, its highest level since late November, while other cryptocurrencies also surged. On the...
Fintech Association to help Grow P2P Lending

Fintech Association to help Grow P2P Lending

Illustration of financial technology (fintech) (Shutterstock/File)A group of financial technology (fintech) lenders wants to help grow a healthier lending industry and protect consumers by setting out a strict code of conduct for its members.The Indonesian Fintech...
Food Versus Fintech: Go-Jek, Grab in Race to be Super App

Food Versus Fintech: Go-Jek, Grab in Race to be Super App

Collaborating with Go-Pay, all Warung Pintar now have a QR code that can be scanned by Go-Pay users to pay for their purchases at the kiosks. (Warung Pintar/File) Go-Jek and Grab started their businesses by offering ride-hailing services in their respective home...
Fintech Association to help Grow P2P Lending

Fintech for Millennials: Made Easy or Complicated?

Illustration of financial technology (fintech). (Shutterstock/FileIndonesia is currently a hotbed for investment in its digital economy. Unlike a decade ago when smartphones were considered luxury items, 72 percent of Indonesians now have access to a smartphone, and...