Indonesia’s Financial Services Authority (OJF) is preparing new rulings for indonesia fintech companies which the authority plans to finalize by the end of the year. FinTech momentum is growing in indonesia, some cool start-ups on the list!
Chairman of Board of Commissioners of the OJF, Muliaman Hadad, said in April that the regulator will consult foreign authorities to understand the ecosystem. “We will start consulting our peers in China, Australia, Singapore, and Malaysia. I want to see their responses and suggestions first. However, we will try our best to finalize it this year,” Hadad said, quoted by DealStreetAsia. As a country with high Internet penetration, high middle-class growth, and poor penetration of financial products, Indonesia is fertile ground for financial technology. Today, we’ve put together a list of Indonesia’s top 7 fintech startups to keep an eye on: HaloMoney is a comparison website for financial products such as insurance, broadband, banking and loans. HaloMoney is part of Compare Asia Group, the region’s leading financial comparison engine which also operates in Hong Kong, the Philippines, Taiwan, Thailand, etc.