印尼金融科技行业2024：桥梁金融与未来

PrefaceThe digital revolution is transforming Indonesia, Southeast Asia'slargest economy and the world's fourth most populous nation, into ahub for fintech innovation and growth. Over the past decade, thefintech sector has experienced a 500% increase in participantsProjections suggest that by 2024,mobile payment users in Indonesiawill surpass 140 million, with.the market growing at a compoundannual growth rate (CAGR) of 16.42% from 2024 to 2029. Innovativefintech companies and business models have emerged, led byunicorns such as GoTo, OVO, and DANA. These firms are driving theadoption ofpayment services and playing a crucial role in advancinglending, insurance, and personal finance investment. This reportexamines the evolution of Indonesia's financial sector, its regulatorylandscape, competitive dynamics, and key players, while analyzingindustry trends, opportunities, and challenges.This report is a comprehensive data analysis. The conclusions arderived from objective data analysis without any biased opinion 010460 192224 Chapter Ill: Fintech industry trendsChapter IV: Industry opportunities & challengesConclusion PrefaceChapter I: Indonesia market overviewChapter Il: Fintech ecosystem The largest economy in SEA1 with a rapidly evolving digital landscapeIndonesia's GDP growth rate 2022 Q1-2024 Q15.73%5.4695.17%Indonesia, Southeast Asia's largest economy and theworld's tenth-largest by purchasing power parity, has5.04%5.01%maintained consistent growth overthepast twodecades. As the only G2O member in Southeast Asia,its GDP growth has stabilized at around 5% followingthe gradual global economic recovery from COVID-19.Moreover, Indonesia's digital economy-the region'slargest-is rapidly expanding with a compound annualexpected to reach a valuation of 130 billion US dollarsby 20252022Q12022Q22022Q32022Q42023Q12023Q2Source: Statistics lndonesia; e-Conomy SEA 2O22 Report by Google, Temasek, and Bain & Company; Note: 1. SEA refers to Southeast Asia. The 4th most populous country globally with an active and young populationKalimantan Island: SamarindaCenter for mineral and energySumatra Island: MedanproductionandprocessingAgricultural production and processing,mineral and energy resourcesSulawesi Island:MakassarAgricultural, fishery products, mineral andJava Island:JakartaCapital and commercial centerIndonesiais adiverse nation encompassing over3o0ethnic groups. As of 2023, its population has reached 277million, with approximately 150 million people living onthe island of Java. Indonesia ranks as the world's fourthmostpopulouscountryandhasthelargestpopulationIndonesiaamong ASEAN member states. The country boasts aPopulationyoung demographic structure, as of August 2023, theworking-age population stands at 212 million,Java Island: SurabayaWorking-age population1representing 69.48% of the total population. MuslimsUrbanization rateIndustrial center and portconstitute over 85% of the population. A significantEthnic groupsyoung demographic, urbanization rates exceeding theJava Island: Bandungglobal average, and steadily rising consumption levels areLanguageskey drivers of Indonesia's ongoing economic growthTourism and textile industrySource: Worldmeters; Statista; Jurnal Ketenagakerjaan; Note: 1. The working-age population refers to people aged between 15 and 64. 2. The islands marked on the map represent the TOP 4islands by GDP in Indonesia and their main cities, and do not constitute all islands in Indonesia Over 8o% mobile internet penetration, with smartphones as the primary access deviceMobile internet penetration rate in Indonesia 2020-202482.26%79.42%76.10%72.21%67.98%As of 2024, Indonesia's internet user base has grown to185 million, representing 66.5% of the total population.The mobile internet penetration rate has reached 82.26%,with mobile devices generating over 60% of internettraffic.Consequently,smartphones havebecometheprimary means of accessing the internet in the country20202021202220232024Source: Statista; DataReportal. Financial inclusion is increasing, yet still lags behind the global averageRates of financial inclusion and literacy in Indonesia 2019 VS 2022Over the past decade, the level of financial inclusion inIndonesiahasgraduallyimproved.Accordingtothereport by the Financial Services Authority of Indonesia2019(OJK), as of 2022, the financial inclusion rate in Indonesiareached 85.10%, indicating that financial products andservices have extensive coverage in the country; DespiteLiteracy38.03%this,thefinancial literacy ratestands at 49.68%,highlighting the potential for growth in the population'sfinancial knowledge and comprehension of financialservices. Additionally, Indonesia's score on the PrincipalInclusion76.19%Financial Inclusiveness Index1 is 41.4, trailing the globalaverage of 47.3 02FINTECHSECOSYSTEM The digital financial evolution begins with online paymentspioneers like Xendit and Olsera developing the nation'sDlightepayment infrastructure. This paved the way for digitalpayment