Even though Indonesia is very much a cash-based economy, it has a rapidly growing E-Cash segment. A KPMG paper from 2017 reports double-digit growth in cashless transactions. A large part of this is driven by [read more]
In addition to traditional banks, Indonesia has BPR Banks. Sometimes translated into English as “Rural Banks”, even though they are available in cities as well. These banks provide many of the same services as traditional [read more]
Banking in Indonesia offers the same range of services commonly offered by banks elsewhere in the world. This includes savings, deposits, checking, online banking, currency exchange, foreign currency banking, wire transfers, ATM services, wealth management [read more]
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