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Asia s Tech Juggernauts Zero In On Indonesia s Digital Banking Market
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Cash Is Out as Southeast Asia Giants Bulk Up
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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.
The Straits Times
Sea and Gojek can target Indonesia s 83 million who lack bank access
Banking services through mobile phones offer a solution to those strewn across thousands of islands and lack access to banks.PHOTO: REUTERS
PublishedJan 28, 2021, 8:19 am SGT
https://str.sg/JK8S
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