Fazz garners $100m in Series C to accelerate growth
Financial services firm Fazz has raised $100m in its Series C funding round to drive growth and support business finance in Southeast…
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Indonesia
Indonesia’s consumer lending market grew 0.2% in 2020
The consumer lending market in Indonesia grew 0.2% in 2020 to reach a value of $205.3bn (IDR2,922.3tn), according to GlobalData's…
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StanChart, Bukalapak unveil digital banking service in Indonesia
Standard Chartered and e-commerce platform Bukalapak have jointly launched BukaTabungan, their digital banking service, in Indonesia. The service, available on…
Sumitomo Mitsui Financial Group eyes acquisition of Panin Bank
Sumitomo Mitsui Financial Group has joined the fray to acquire controlling stake in PT Bank Pan Indonesia (Panin Bank), Bloomberg…
MUFG inches closer to buying Home Credit’s assets in Southeast Asia
Japanese banking major Mitsubishi UFJ Financial Group (MUFG) is closing in on the deal to buy Home Credit’s operations in Indonesia and…
MUFG weighs stake acquisition in Indonesia’s Panin Bank
Japanese financial services company Mitsubishi UFJ Financial Group (MUFG) is mulling a bid for PT Bank Pan Indonesia, Bloomberg reported…
ANZ looking to sell $1bn stake in Indonesia’s Panin Bank
Australia and New Zealand Banking Group (ANZ) looking to sell its stake in PT Bank Pan Indonesia, Bloomberg reported citing sources privy…
Japan and Indonesia agree on fintech cooperation framework
Japan and Indonesia have agreed to collaborate to support innovation in the financial sector. The regulatory agencies of the two…