TheJakartaPost
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According to a recent East Venture report, provinces such as Jakarta, West Java, East Java, Yogyakarta and Banten lead in its Digital Competitiveness Index, while provinces like East Nusa Tenggara, Central Kalimantan, West Sulawesi and Papua ranked low in the index.
The past several years have seen the rise of online-based P2P lending firms in Indonesia. These firms, often called “fintech (financial technology) P2P”, serve a very important niche market: bringing financial services to portions of the population previously considered unbankable.
The 2015 World Economic Forum Report predicts that by 2020 Indonesia will become one of the biggest digital markets in Southeast Asia. This highlights wider opportunities for digital finance. The fact that only 36 percent of adults in Indonesia have bank accounts, while the remaining 120 million adults are still unbanked, also further underlines enormous room for it to grow.
