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P2P

OJK warns local banks to tighten risk controls amid govt injection
Economy 4 months ago

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OJK warns local banks to tighten risk controls amid govt injection

Finance Minister Purbaya Yudhi Sadewa has unveiled plans to transfer an additional Rp 70 trillion to local banks, including regional lenders such as Bank Jakarta and Bank Jatim.
Fraud and other risks still holding back P2P lending business
Tech 1 year ago

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Fraud and other risks still holding back P2P lending business

Despite a decade of tightening rules on what is allowed and what is not in Indonesia’s burgeoning peer-to-peer (P2P) lending industry, the fintech segment meant to improve financial inclusion is still riddled with risks for both lenders and borrowers.
Interest rate cap eats into peer-to-peer lenders’ earnings
Tech 1 year ago

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Interest rate cap eats into peer-to-peer lenders’ earnings

A prolonged trend of declining profitability could dent the survivability of the firms.
KPPU task force to probe alleged interest rate fixing among P2P lenders
Tech 2 years ago

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KPPU task force to probe alleged interest rate fixing among P2P lenders

The Business Competition Supervisory Commission (KPPU) is forming a task force to investigate the Indonesian Joint Funding Fintech Association (AFPI) over alleged rate fixing.
Restock Tech: Fueling MSME growth in Indonesia - holding for Restock.id & Revota
Front Row 2 years ago

Restock Tech: Fueling MSME growth in Indonesia - holding for Restock.id & Revota

PT Cerita Restock Teknologi Amannah, known as Restock Tech (www.restock.tech), is home to two companies that share the company's vision and mission of accelerating micro, small and medium enterprises (MSMEs) in Indonesia. These two companies are PT Cerita Teknologi Indonesia (Restock.id) and PT Ava Revota (Revota).
Restock Tech opens warehouse for MSMEs to support financing arm Restock.ID
Front Row 2 years ago

Restock Tech opens warehouse for MSMEs to support financing arm Restock.ID

Warehousing has a crucial role in supporting the production process by facilitating storage and ensuring smooth operations to meet business targets.
Tencent-led funding for Flip ups Series B round to $100 million
Tech 3 years ago

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Tencent-led funding for Flip ups Series B round to $100 million

Indonesian payments platform Flip has secured additional investment to increase its Series B funding to more than $100 million.
'We feel helpless and guilty': Meet those behind Indonesia’s 'solidarity economy'
Science & Tech 4 years ago

'We feel helpless and guilty': Meet those behind Indonesia’s 'solidarity economy'

With many Indonesians barely able to survive the pandemic’s economic fallout, citizen-run initiatives have become a lifeblood for many.
Unlicensed P2P lending offers fast cash at price of privacy
National 4 years ago

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Unlicensed P2P lending offers fast cash at price of privacy

Shady P2P lending services often provide quick loans in exchange for the user's personal data, which is often misused by debt collectors to claw back funds.
Hiding in plain sight: The pandemic doubles the risk of P2P lending operation
Opinion 5 years ago

Hiding in plain sight: The pandemic doubles the risk of P2P lending operation

OJK said P2P jumped to Rp 116.97 trillion in July, a staggering 135 percent increase from a year earlier.
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