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Fintech

Indonesia's fintech industry is undergoing a comprehensive digital transformation

By Admin

2024-12-03

According to a report by the Financial Services Authority (OJK), Indonesia's fintech industry grew by 50% in the first half of 2024, with total transactions exceeding $30 billion. Payment and lending platforms remain key areas, while blockchain technology is rapidly emerging in cross-border payments and smart contracts. OJK has launched a regulatory sandbox to encourage startups to test innovative products and support sustainable growth in the sector.