The Indonesian Fintech Association (Aftech) has launched a code of ethics that holds its members responsible for protecting user data on their platforms so as to underpin trust in the digital economy.

Newly published research by the Social and Economic Research Institution at the University of Indonesia Economy and Business School (LPEM FEB UI) has revealed that the presence of Grab has boosted economic activity.

Venture capital firms and other financiers have taken a keen interest in the industry lately, so much so that investment apps attracted almost a quarter of all fintech funding this year.

Bright lights, big city — an apt description of every metropolis imaginable, including capital city Jakarta.

After more than a year cooped up at home, it is only natural that people, especially families, would like a change of pace to break up the pandemic blues.

Ayoconnect’s newest commissioner, Ilham Habibie, says Indonesia is entering an era of open finance in which fintech services connect with one another.

Superapps that can offer the most comprehensive and cheapest services will capture people’s hearts, according to digital economy experts.

The funds come from various investors ahead of the tech firm’s much-anticipated bourse debut.

The $400 million pre-IPO commitment by the Abu Dhabi Investment Authority will be the first principal investment by its private equity arm into a technology business in Southeast Asia and its largest deal in Indonesia, according to a statement on Wednesday.

Cryptocurrency investors have been waiting for approval of the first US ETF for bitcoin, whose recent rally has been fuelled in part by anticipation of such a move, which is seen as speeding up the mainstream adoption of digital assets.

But these days the platforms are increasingly finding themselves under fire, with politicians seeking to regulate the industry and restaurateurs accusing the likes of DoorDash, Grubhub and Uber Eats of freeloading. And they are looking for ways to do without them.

BNPL is on course to contribute 12 percent of all e-commerce sales in APAC by 2023, with a projected BNPL net revenue of up to $1.5 billion in Southeast Asia that same year. Capitalizing on this expected growth will require a strategy that reflects the local landscape as well as rapidly evolving market conditions.

The Singapore-based special purpose acquisition company is looking for start-ups that can be “successful” in Indonesia and expand in the region.

Businesses at all scales and the public sector have flocked to digital technology to manage their activities amid government-imposed mobility restrictions.

Facebook and Google undersea data cable project linking North America and the Asia-Pacific region is under way. The project, dubbed Echo, is built in collaboration with Indonesian telecommunication company PT XL Axiata.