By David Tuckwell on Wednesday 6 December 2017
The visit aims to promote fintech between countries
Australia receives Indonesian fintech delegation
Aussie fintech has welcomed an Indonesian delegation – including 16 fintechs and Indonesian regulators – which has arrived in Australia to discuss how to grow fintech ties between Australia and New Zealand.
The Indonesian companies, which are focussed in payments (as is often the case in South East Asian fintech, given the large fraction of the population that has no bank account) have joined senior officials from OJK, Indonesia's corporate cop and Bank Indonesia, the country's central bank, on the three-day tour of Sydney and Melbourne.
It is the biggest group of Indonesian fintech businesses to visit Australia and the visitors and hosts hope to build ties between each country's fintech communities.
Ajisatria Suleiman, a senior member of Fintech Indonesia, commented: “Both countries have the opportunity to benefit from knowledge sharing and the development of strong business connections from this delegation.”
“We know that Indonesian fintech will play an important role to support the country’s growing online transactions economy and to serve its tens of millions of unbanked small businesses.
“There are also specific areas of technology where Australia and Indonesia can collaborate, including in deep tech and cyber security, along with work together on talent exchanges.”