Insights

Indonesia has the third-largest unbanked population in the world after China and India, much of which is concentrated in rural communities.

Chinese fintech firms have identified the Indonesian market as an attractive expansion destination given its resemblance to the early days of China’s fintech revolution.

In addition to Microsoft, at least two other interested buyers in the tech industry are in talks with ByteDance to acquire the video-sharing app, source says.

Payfazz enables online payment points in rural areas of Indonesia. The firm currently works with over 250,000 agents serving 10 million users.

OrCam MyEye snaps onto the wearer’s eyeglass frames and looks like it is part of the eyewear.

India ranks second after China among developing countries where residents don’t have a bank account or access to financial services.

The company believes that the future of fintech is a convergence between banks and retailers.

Tencent’s move to entirely acquire Sogou represents a shift in China’s internet landscape.