THE digital banking scene in Indonesia is heating up, and both financial technology (fintech) and technology firms in Southeast Asia, particularly Singapore, are making a beeline for the region’s most populous nation, keen to participate in its growth. The country released long-awaited digital banking guidelines in August, which are set to take effect at the end of this month.
Budget 2022, unveiled by Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz, has the largest ever expenditure plan. It looks to also promote ESG themes in its proposals.