The projected value of the total transactions in Fintech market of Indonesia was $ 22,338 million in 2018. As of 2018, total of 162 fintech companies are under operation in Indonesia.
- Definition / Scope
- Market Overview
- Top Market Opportunities
- Market Drivers
- Market Restraints
- Technology Trends
- Regulatory Trends
- Other Key Market Trends
- Market Size and Forecast
- Market Outlook
- Competitive Landscape
- Competitive Factors
- Strategic Conclusion
Definition / Scope
Fintech can be defined as a phenomenon of fusion between technology and financial features that transform business models and a weak barrier to entry which lead to raises unregulated players to run the service as well as regulated financial institutions.
- Within APAC region, Fintech is a fast-growing industry and Indonesia is one of the major markets within the region. Indonesia has a massive population accounting 261 million with significant part of the population having weak financial accessibility that leaves the Fintech industries and entrepreneurs with unique financial technology tools could thrive.
- As Indonesia is addressing to the financial inclusion issues with the intervention of the regulators and the increased boom of the fintech startups for which Indonesia was also recognized as the only country in East Asia with most improvement in bringing the citizens into financial system in past three years.
- With US$500 billion of infrastructure investment planned for the next five years (2019-2023), the emergence of new markets of Fintech sector in Indonesia is set for a new path.
- With multiple fintech companies operating within the payment, lending and other products/services Indonesian fintech market has grown at a whopping 78% in (2015-2018) period.
- Fintech is the most desirable space in Indonesia at the present context. From investments, expansion of horizon to avenues and new products the sector seems beneficial from all viewpoints. The fintech startups are escalating be it in digital payments, lending or remote banking. The product/services offered by these fintech startups are also such that they solve the current needs of the population.