LinkAja is not ready to adopt QRIS. Lack of capital is allegedly behind the decision.
Bank Rakyat Indonesia has recently launched a new digital platform called BRI Application Programming Interface.
Private pawnshop financing increased by 26.6 percent in the first half of 2019 to Rp 304 billion.
The threat of default from corporate loans overshadows banks, triggering restrictions on lending.
Several banks are proactively lowering their prime lending rates to attract more debtors.
BTN requires up to Rp 5 trillion in capital to maintain its sharia business unit’s capital adequacy ratio after the spin-off.
E-commerce will become a distribution partner to sell Retail SBN.
Mastercard and Visa succeeded in getting an exception in the national payment gate scheme through lobbying efforts made by USTR.
Bank Indonesia issued the long-awaited CCP regulation for OTC derivative transactions.
Gross non-performing loan ratio in the banking sector rose to 2.60 percent in August from 2.55 percent in July 2019.