Fintech in Indonesia
Table of Contents
- Executive Summary
- Momentum Work View’s on Fintech landscape
- Overview of Indonesia
- Opportunities and risks for Fintech players
- Current economic and technological aspect
- Bank distribution & penetration in Indonesia
- Financial loan needs VS gap
- Payment culture
- Overview of Indonesian Fintech
- Fintech ecosystem and certified players
- Market composition
- Indonesia Fintech Development from 2009-2019
- Regulatory structure & licenses
- Payment Systems
- BI regulation toward payment-related services
- License procurement & e-money transactions
- Payment gateway main players
- Exhibit: Doku payment ecosystem
- E-wallets
- E-wallet landscape
- Developments and suspended operations
- E-wallet main players
- Exhibit: OVO strategic partnership
- P2P Lending
- OJK regulatory environment
- Revoked/suspended P2P registration
- License procurement procedure
- P2P infrastructure & main players
- Investment
- Exhibit: VC funding in Indonesia Fintech
- Risks
- Major risks: Political and regulatory
- Major risks: Operational
- Major risks: Reputational
- Major risks: Currency
- MW Insights
- Glossary
Highlights
- Indonesia’s fintech industry is very competitive but potential is still highly unrealised
- P2P lending and payments are the leading verticals comprising 69% of the Fintech landscape
- High unbanked population (51%) and large number of underserved SMEs are credit constrained; finance gap of $77.2 billion serves as a potential for fintech to step in
- Investments and consolidations expected to happen in the highly fragmented market
- Investors and startups need to account for moderate to high risks due volatile and increasingly strict regulatory environment as well as weakened Rupiah
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- What are the reasons for lack of financial inclusion that present opportunities for fintech players?
- What can fintech players do to fill in the $73B annual gap in financing needs?
- How can payment apps act as proxies to ATMs and bank accounts in this cash dependent market?
- How has fintech in Indonesia evolved from 2009 till now and what major events have disrupted the market?
- Which players had their licenses suspended/revoked and why?
- Which fintech companies have been raising funds and how have the round sizes evolved? Who are the active investors in this sector?
- What regulations are being tightened and what are the risks associated with it for fintech players?
- How is the poor currency performance going to affect overseas lenders and investors?
- How are consumer reactions imposing regulatory changes in debt collection methods? How will this affect the profitability of P2P lenders?
