Fintech

There is scant public information about Caturnusa Sejahtera Finance, Traveloka’s subcontractor, for its pay later service.

There is increased interest in Indonesia from American VCs, BukuWarung co-founder says.

South African lender TymeBank said it is also eyeing a digital banking license in the country.

Mysterious transactions took place on Traveloka PayLater in 2019 without users’ authorization. Unaware that they ‘owe’ money, these individuals’ credit scores have tanked.

Thailand is reining in decentralized finance, while forging ahead with its own central bank digital currency to maintain control over digital transactions.

License comes after months of pressure against Jack Ma’s fintech company.

Founders of Chinese tech giants are relinquishing the CEO title in favor of strategic roles behind the scenes. 

Regulators are making changes to Indonesia’s finance systems to keep up with the times.