Digital banks will soon become a reality for Indonesians. Chief Executive of Banking Supervision of Indonesia s Financial Services Authority (in Indonesian:
Otoritas Jasa Keuangan, or OJK) Heru Kristiyana recently confirmed that this supervisory agency is currently drafting regulations for the establishment of digital banks in Indonesia.
According to Kristiyana, the OJK will open opportunities for the establishment of digital banks in the following (three) ways:
· In the form of a (business) unit of an existing conventional bank,
· In the form of a conventional bank that is converted into a digital bank,
· A bank that is established as a digital bank since its inception.
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Gojek invests in Bank Jago to expedite financial inclusion 18th December 2020
Logo of Gojek. (Antara/HO) Jakarta (ANTARA) - Gojek, Southeast Asia’s leading mobile on-demand services and payments platform, said it has invested in Bank Jago, an Indonesia-listed technology-based bank, as part of a strategic partnership to accelerate financial inclusion in Indonesia.
“Our partnership with Jago marks the latest milestone in our drive to reduce daily friction for users and improve their lives through technology, Gojek co-CEO Andre Soelistyo said in a statement issued in Jakarta on Friday.
“It is a key part of our strategy and will underpin the growth and sustainability of our business in the long term,” he remarked.
Gojek buys 22% stake in Indonesia s S$4b Bank Jago businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.
Gojek picks up additional stake in Bank Jago, opens door to digital banking for customers
Photo by Afif Kusuma on Unsplash Premium
Editor’s note: This story has been updated with details of Bank Jago’s stock exchange filing.
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