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Indonesian government has actively encouraged the growth of Micro, Small, and Medium Enterprises (Unit Usaha Menengah, Kecil dan Mikro or "UMKM"), as well as start-up businesses that generate.
On 28 June 2019, the Monetary Authority of Singapore ("MAS") announced that it will issue up to five digital banking licenses (1). This was a revolutionary move by the MAS as digital bank licenses.
Indonesia's Financial Services Authority (Otoritas Jasa Keuangan or "OJK") has issued a rule that may provide a sweetener for tech startups to undertake an initial public offering ("IPO") in Indonesia.
/PRNewswire/ PT OneConnect Financial Technology Indonesia (OneConnect), the leading technology-as-a-service provider and an associate of Ping An Group,.