#Banking
Banking as a Service Drives Financial Inclusion in Indonesia
Banking as a Service (BaaS) is reshaping Indonesia’s financial ecosystem by enabling non-banking entities to offer regulated financial products to millions of underbanked individuals. This innovation is at the forefront of transforming digital banking across the archipelago.
QRIS raises the bar on competition between digital wallets and banks
The competition in the digital wallet (e-wallet) industry is entering a new phase. The introduction of the Quick Response Code Indonesian Standard (QRIS) payment system is making the competition landscape more complex, as this instant payment feature is also being developed by banks.
Government plans debt write-off for small-medium enterprises
President Joko Widodo recently led a closed-door meeting to discuss the restructuring of credits for Micro, Small, and Medium Enterprises (MSMEs).