In the past year, DANA has also ramped up its offline presence in Indonesia. In 2017, 95 million Indonesians were classified as unbanked by the World Bank. This untapped opportunity makes Indonesia very attractive for fintech investors.
FactoringFactoring may be carried out by banks and licensed multi-finance companies, with or without recourse. Extending loansGenerally, entities wanting to provide a platform for lending require a licence. Lending is typically carried out by banking institutions, jd.id multi-finance companies, venture capital companies and microfinance institutions, subject to different licences from the OJK. Savings and loan cooperatives may also engage in lending under licence from the Ministry of Cooperatives and Small Business Enterprises .

In a statement, Tamara said that its payment solution would now be available for customers shopping at more than 10,000 merchants powered by Salla, which itself provides a payment and logistics solution to prospective online store owners. Salla facilitates the backend payments for small businesses in Saudi Arabia in a similar model to Shopify.
The registration process is just 5 minutes and approval is given in a few hours. If approved, you can directly shop online on installment using Kredivo “buy now and pay later” on Tokopedia, Lazada, Bukalapak, Tiket.com, Erafone, Best Denki, Electronic City, IKEA, McDonald’s and 350+ other merchants with just 2 clicks. “Tamara puts customers and their protection first by offering them an inclusive, transparent, and secure financial solution. The pandemic has also been tough on merchants and small businesses who are at the heart of our solution,” he added. Tamara allows customers to purchase items online without initially paying for them. Instead, at the checkout screen the customer can choose to pay for the item 30 days later, or in three installments with no additional fees. Kredivo is an award-winning app that evaluates your creditworthiness in real-time.
Citibank reserves the right to suspend or terminate the Citi Rewards Program at any time by written notice to the Cardholder. The primary cardholder may request to redeem the Citi Rewards Points /Miles for Mileage by login to Citibank Online or via CitiPhone Banking at through your mobile phone. For Citi Prestige Cardholder, you can redeem via Citi Prestige Executive at . The SMS will be received by no later than 4 Business Days after the Rewards Points redemption is successfully done.

An investor is defined as a party that purchases shares of an issuer via an operator. An investor having an annual turnover of at least 500 million rupiah may purchase shares via equity crowdfunding at not more than 5 per cent of its annual turnover. Meanwhile, an investor that has annual turnover of more than 500 billion rupiah may purchase shares via equity crowdfunding at not more than 10 per cent of its annual turnover. However, these requirements do not apply if an investor is a legal entity and has investment experience in the capital market, as proven by owning a securities account for at least two years prior to the share issue. P2P lending is off balance sheet, meaning that an operator may only provide an online platform that matches and passes third-party lenders to potential borrowers. Peer-to-peer and marketplace lendingDescribe any specific regulation of peer-to-peer or marketplace lending in your jurisdiction. Consumer lending can be provided by banking institutions and multi-finance companies and is generally regulated under the prevailing laws and regulations on the relevant sectors.
The largest regional players, such as the Singapore-based ride hailing service Grab and the Jakarta-based multiservice and digital payment platform Gojek, will likely benefit. Southeast Asia is following a similar evolutionary path in terms of e-wallet usage.

PayLater is designed for easy registration, so you won’t need to apply or send us more documentation to start using it. If you’re an existing Grab user, you’re likely able to access PayLater immediately. You can automate repayments from your GrabPay balance or linked card.
Currently, we accept payment via bank transfer and ATM/Virtual Account. After your PayLater application is approved, you receive credit limit with the value up to Rp50.000.000. Prior to joining Westpac in 2013, she was a freelance writer, after spending almost 20 years in corporate affairs and investor relations, primarily in large financial services and consultancy firms, in Australia, UK and Europe. BNPL adoption has been slower in South East Asia when compared with the likes of Australia – where Afterpay, Zip and others are well-entrenched – and China, home to Alibaba’s subsidiary Ant Financial.