Fintech

Indonesia has the third-largest unbanked population in the world after China and India, much of which is concentrated in rural communities.

Startupbootcamp, which already operates Dubai’s Smart City Accelerator and Qatar’s SportTech Accelerator, establishes headquarters in Dubai.

The Asian Institute of Digital Finance will offer a master’s program and train PhDs with a background in digital finance.

With Ayoconnect’s platform, bill issuers can expand their payment points and collect payments faster and cheaper.

Chinese fintech firms have identified the Indonesian market as an attractive expansion destination given its resemblance to the early days of China’s fintech revolution.

The new financial products include investment and loan services.

Payfazz enables online payment points in rural areas of Indonesia. The firm currently works with over 250,000 agents serving 10 million users.

India ranks second after China among developing countries where residents don’t have a bank account or access to financial services.