Fintech

Grab Financial increased its revenues by over 40% in 2020.

The experimental permit gives Sarwa access to a limited number of users in Saudi Arabia for now.

Regional investors have also set their sights on Myanmar’s fintech market where 80% of the country’s 55 million people are unbanked.

The startup says it has registered 3.5 million small merchants and retailers as of November 2020.

Open Banking is a practice where banks share their customer data with third-party financial services providers like fintech players.

Proposed reshuffle includes under-fire lending and insurance platforms.

Nationwide distance-learning measures have increased educational expenses.

The company has ties to Bank Kesejahteraan Ekonomi (BKE), which is located in Central Jakarta’s Menteng district.