Housing 20 percent of all fintech companies in ASEAN, the world’s largest archipelago is expected to generate $8.6 billion fintech revenue by 2025. It’s only too obvious that the 90 million unbanked Indonesians are the sure catalysts behind the industry’s growth.
Moreover, the spike in mobile internet penetration to reach over 195 million users couldn’t have occurred at a better time. Fintech has also emerged as the best solution to address the $80 billion lending gap associated with Indonesia’s 63 million MSMEs, 81 percent of which don’t have access to financial products.
To top it all, Indonesian regulatory body Otoritas Jasa Keuangan (OJK), has even launched “Master Plan for the Indonesian Financial Services Sector (MPSJKI) 2021-2025” to realize the vision of a next-gen national financial services sector.
To accelerate the efforts of Indonesia in incorporating tech innovations in the FSI sector, Tradepass is hosting the 5th edition World Financial Innovation Series (WFIS) in Jakarta on 24 – 25 October 2023. The event will attract over 700+ technology and business heads from the leading Banks, Insurance & Micro-Finance institutions across the country.