Indonesian FinTech Industry - Payments Ecosystem Growing With Light-Touch Regulations: Systematix
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Systematix Research Report
We hosted Flip to understand the payment/payment gateways in Indonesia.
The payments ecosystem in the country involves high inter-bank transfer fees, making online transactions difficult for consumers and businesses alike.
E-commerce ecosystems, super apps and social media selling through influencers are enabling the growth of digital payments.
The Indonesian central bank has kept payments regulations in a light-touch mode, enabling players to increase products offerings and venture into digibanks and white label buy now pay later.
We expect the central bank’s new payment rails to limit new entrants into the payments space and aid the consolidation of incumbent payment players in the country.
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