Indonesia has charted impressive economic growth over the last two decades, becoming the largest economy in South East Asia and the eighth largest in the world in terms of purchasing power parity. Indonesia’s internet economy was valued at USD 40 billion (CHF 38.6 billion) in 2019, with an average growth rate of 49% a year since 2015. It is expected that the value will exceed USD 130 billion (CHF 125.5 billion) by 2025, thanks to a digitally savvy population, low data costs, and high penetration of mobile devices.
What are the fintech opportunities for Swiss SMEs?
Digital financial services revenue in Indonesia is projected to rise from USD 1.5 billion (CHF 1.45 billion) in 2019 to USD 8.6 billion (CHF 8.3 billion) by 2025, growing at a CAGR of 34%, according to a 2019 report by Google, Temasek and Bain & Company. The country has consistently been the second largest market for fintech funding in the region after Singapore.
The Indonesian market offers opportunities across multiple application areas for a variety of customer segments, including banks, wealth managers, e-commerce platforms, payment firms, and SMEs in the financial technology sector.
Learn more about the fintech landscape in Indonesia in the factsheet and read about the concrete business opportunities in the market report.