Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the podcast-player domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the rocket domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6114
Impact of COVID-19 on FinTechs: Indonesia report

Library

Impact of COVID-19 on FinTechs: Indonesia report

Indonesia has been the hotbed for FinTech innovations across the ASEAN region. However, like all other businesses, FinTechs in the country too have been struggling to cope with the Pandemic. In this study, we highlight the impact of the pandemic on FinTechs in Indonesia.

FinTechs have been key to Indonesia’s booming digital economy, which is estimated to be worth USD 133 billion by the end of 2025. However, the COVID-19 pandemic has turned out to be a mixed bag for the FinTech community in Indonesia. While the pandemic has been a blessing in disguise for few FinTechs, most early-stage FinTech start-ups have been pushed to the brink as they scramble to extend their runways.

This report takes a closer look at the impact of the pandemic on the operations, revenues, and coping strategy of FinTechs in Indonesia. The report also explores the sentiments of investors and the impact of government policies on the development of the FinTech sector in the country. We also provide recommendations for the concerned stakeholders to help the FinTech community recover from the current crisis.

Leave comments

Written by

jayan-nair

Raunak Kapoor

 Associate Partner
jayan-nair

Sheila Carina

 Assistant Manager