TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Measure impact not just deal size of fintech in Indonesia
One shining Southeast Asian example is motorbike delivery and ride-hailing app and company Go-Jek, now a “unicorn” — a tech start-up valued at more than US$1 billion.
Change Size
Ride sharing app on mobile phone. (Shutterstock/Kaspars Grinvald)
F
rom blockchain to cryptocurrencies such as bitcoin and ethereum, as well as Initial Coin Offerings that allocate “tokens” as a new means of crowdfunding capital, the language and disruptions buffeting the mainstream banking and financial services industry can seem overwhelming.
But broadly defined, “fintech” — shorthand for the technologies delivering innovations as well as new challenges and opportunities to the once-staid banking and finance sectors — is also enabling the rise of new companies and transformative businesses.
One shining Southeast Asian example is motorbike delivery and ride-hailing app and company Go-Jek, now a “unicorn” — a tech start-up valued at more than US$1 billion.
With Go-Jek’s acquisition of payment portals Kartuku and Midtrans, and savings and lending network Mapan, the company is poised not only to be a digital payments leader, but also is in a position to influence the shape and scope of the fintech landscape in Indonesia.
