Let’s Meet in the Middle: Forging Connections Between Indonesian and Australian Fintech

Economic Growth
Written By Guest User

Summary

Within Southeast Asia, Indonesia consistently ranks highest alongside Singapore as the key driver of fintech growth in the region, attracting the largest pool of fundraising. Indonesia’s fintech landscape matters not only because of the size of its nearly 300 million citizens, but also because it offers huge potential for foreign investors.

Equity Economics worked with IA-CEPA ECP Katalis (Katalis) to produce this market insight which digs deep into the nuances of Indonesia’s booming fintech industry and how it can forge a connection with its neighbour Australia.

It gives a unique perspective on potential opportunities and challenges, important considerations for Australian and Indonesian fintechs seeking to enter each other’s markets, and the scale of potential opportunities.

Findings

Indonesia is often overlooked by Australian fintech companies considering global expansion. However, there is massive opportunity for Indonesia to leapfrog to a digital-first economy. It does not need to follow the same linear path to financial services sector development as Australia.

Areas of opportunity for Australian fintechs looking to invest in Indonesia include improving market efficiency; digitalising traditional industries; and supporting micro, small and medium enterprises.

Indonesian fintech also have a range of opportunities including the application of fintech to gaming; engaging with Australian skills and TVET providers; and regtech and cybersecurity.

Read the full report

Similar Reports

Featured
Briefing Paper: Investing for the Golden Age
Briefing Paper: Investing for the Golden Age

Across Indonesia and Australia, ageing populations and rising incomes are driving growth in aged care, together with the favourable policy environment enabled by the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA).

Submission to the 2024-25 ACT Government budget process
Submission to the 2024-25 ACT Government budget process

Equity Economics and the ACT Alliance for Evidence-Based Education have submitted a joint submission to the 2024-25 ACT Budget process, proposing a $92 million investment over four years to allow the ACT public education system to become a work leader in implementing evidence-based literacy and numeracy practices.

Saving Money by Spending: Solving Illiteracy in Australia
Saving Money by Spending: Solving Illiteracy in Australia

A national study into Australia’s literacy standards by Equity Economics has found that four in ten 15-year-old students are not meeting reading benchmarks. The cost of lost lifetime earnings for those who fall behind is estimated at over $12 billion alone. This doesn’t even begin to account for the emotional costs to individuals or costs to our economy in terms of lost productivity and poorer health and wellbeing outcomes.

Guest User
Previous

Inclusion is the Future: Opportunities for Enhanced Bilateral Trade and Investment between Indonesia and Australia in Medical Devices and Assistive Technology
Next

Victorian Aboriginal Authority: An initial feasibility study