A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Merger-bound Indonesian unicorns Gojek, Tokopedia ink conditional sales agreement: Report
March 9, 2021
Indonesian tech unicorns Tokopedia and Gojek have signed a conditional sales and purchase agreement (CSPA) as they inch closer towards sealing a merger deal, according to a report by the insights platform D-Insights.
Following the merger, the combined entity is expected to command a valuation of $35-40 billion, the report said. At that valuation, it will be the third most valued company in Indonesia after PT Bank Central Asia Tbk (BBCA) and PT Bank Rakyat Indonesia Tbk (BBRI) in terms of market capitalisation on IDX, the report noted.
D-Insights reported that Gojek shareholders are expected to hold 60% in the merged entity, while Tokopedia will hold the rest.
OJK drafting minimum capital requirement for digital banks 18th February 2021
Chief executive of banking supervision at OJK, Heru Kristiyana, in Jakarta on Thursday (February 18, 2021). (Youtube OJK) Jakarta (ANTARA) - The Financial Services Authority (OJK) is formulating regulations on the establishment of digital banks, which include a minimum capital requirement of up to Rp10 trillion. For the establishment of a new digital bank, the requirement is Rp10 trillion. Accompanied by digital bank requirements such as having the ability to manage prudent and sustainable bank business, protection of customer data, executive director of banking research and regulation at OJK, Anung Herlianto, said during an online press conference in Jakarta on Thursday.
Highlights
Electronic money payments are growing in at least three large Southeast Asian markets due to the popularity of reloadable wallets.
Nonbanks have overtaken banks as primary payment providers in Indonesia and are experiencing high growth in the Philippines.
Grab Holdings Inc., Sea Ltd. and Ant Group Co. Ltd. are among the e-money companies with the largest geographical footprint, offering payments in at least six countries in Southeast Asia.
Despite the economic contraction amid COVID-19, electronic money payments are growing in at least three large Southeast Asian markets due to the popularity of reloadable wallets offered by popular e-commerce and ride-hailing firms. Technology firms that combine commerce with payments will seek to extend their dominance from e-money into electronic banking.