Cross-border payments company Nium has launched a collaboration with Bank Rakyat Indonesia (BRI). The partnership lets BRI’s 150 million-plus account holders — many of whom live in remote parts of Indonesia, a nation of 17,000 islands — make real-time international money transfers across a range of payment methods, according to a...
B2B payments firm PayMate says it plans to acquire Indonesian FinTech-as-a-Service (FaaS) company DigiAsia. The $400 million transaction, announced Tuesday (Sept. 24), will mark Mumbai-based PayMate’s launch in Indonesia, with plans for the combined company to go public in India after the deal closes. PayMate says its platform simplifies and...
Indonesian super app Grab saw a record number of monthly users in its latest quarter. “We continued to harness the strength of the Grab ecosystem, and improved the usage frequency and reliability of our products and services,” Grab CEO and Co-founder Anthony Tan said in a news release Thursday...
Enterprise-focused cross-border payments platform PingPong has won approval to do business in Indonesia. Bank Indonesia, the country’s central bank, has granted the company a payment system service provider license, allowing it to facilitate domestic and cross-border payments in the world’s fourth most populous country, PingPong...
April 04, 2023
Real-time payment systems have transformed how individuals and businesses transact and manage their money around the globe by allowing users to transfer funds instantly without needing physical cash or checks. Users can transfer funds from anywhere, anytime, using their mobile devices or online banking. This transformation has made payment systems more accessible and streamlined, […]
March 18, 2021
Building a digital payments infrastructure from the ground up in Southeast Asia is every bit as challenging as it sounds. Case in point: When FinTech company Xendit worked with a...
October 28, 2024
Indonesia has banned Apple’s newest iPhone, hindering sales in one of the world’s largest countries. The ban on sales of the iPhone 16 came after Apple apparently failed to meet the government’s requirements for 40% local content in tablets and handsets, the Financial Times (FT) reported Monday (Oct. 28), citing a statement from Indonesia’s Ministry of Industry. “iPhone 16s […]
October 18, 2024
Cross-border payments company Nium has launched a collaboration with Bank Rakyat Indonesia (BRI). The partnership lets BRI’s 150 million-plus account holders — many of whom live in remote parts of Indonesia, a nation of 17,000 islands...
September 24, 2024
B2B payments firm PayMate says it plans to acquire Indonesian FinTech-as-a-Service (FaaS) company DigiAsia. The $400 million transaction, announced Tuesday (Sept. 24), will mark Mumbai-based PayMate’s launch in Indonesia, with plans for the combined company...
August 15, 2024
Indonesian super app Grab saw a record number of monthly users in its latest quarter. “We continued to harness the strength of the Grab ecosystem, and improved the usage frequency and reliability...
