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Jakarta Post

Executive Column: E-wallet, lending to dominate RI’s digital financial sector

  • The Jakarta Post

  /   Mon, January 13 2020   /  01:53 am

Aadarsh BaijalSoutheast Asia’s digital financial sector is expected to generate US$38 billion in annual revenue by 2025 from $11 billion booked in 2019, during which Indonesia contributed up to 40 percent of the total revenue, according to a recent study.Titled The Future of Southeast Asia’s Digital Financial Services by Bain & Company in collaboration with tech giant Google and Singaporean holding company Temasek, the study revealed that digital lending will make up about half of the opportunities because of its greater ability to generate revenue and profit compared to other services, such as digital payments.The Jakarta Post’s Adrian Wail Akhlas recently spoke with Bain & Company partner Aadarsh Baijal to discuss the findings, particularly on the future of digital financial services in Indonesia and the key factors to developing the sector. Here is an edited excerpt of t...