This publication is an attempt to capture the ePayments landscape, regulatory developments and an early view on which players may prevail.
With a young growing population of over 250 million people, and around 5 million people entering the consumer class each year, Indonesia has seen significant attention from global and local technology companies, which, in the last two or so years, have revolutionized the retail and transportation sectors. Cash is still the dominant retail payment method, however we believe Indonesia is poised for a cashless revolution.
In November 2016, Bank Indonesia launched a fintech office and new payments regulations which provided greater clarity around licensing for eWallets and payment gateways.
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