eKYC in Indonesia: The Ultimate Guide to Everything You Need to Know - Fintech Singapore
Source: Fintech Singapore
Published on: 2025-02-03 06:42
Get the hottest Fintech Singapore News once a month in your Inbox Indonesia has emerged as an attractive destination for digital businesses in Asia-Pacific (APAC), showcasing a strong and expanding digital economy. According to the 2024 e-Conomy report by Google, Temasek and Bain and Company, Indonesia's digital economy will reach a gross merchandise value (GMV) of US$90 billion in 2024, up 13% from the previous year. By 2030, this value is projected to soar to US$200-360 billion, solidifying the country's position as Southeast Asia's biggest and most dynamic digital economy. Within this landscape, digital financial services play a critical role, exhibiting strong growth. In 2024, the gross transaction value (GTV) of digital payments is forecasted to hit US$404 billion, marking a 19% year-over-year (YoY) growth. Other segments, including digital wealth and digital lending, are also s...
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