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Fintech Transaction Value Remains High Despite Lower Funding

Banking editor Dian Kusumo
14/12/2022 14:38 WIB
The value of fintech transaction in Indonesia remains high even through funding for digital startups in the Asian Region has decreased.
Fintech Transaction Value Remains High Despite Lower Funding. (Photo: MNC Media)
Fintech Transaction Value Remains High Despite Lower Funding. (Photo: MNC Media)

IDXChannel – The value of fintech transaction in Indonesia remains high even through funding for digital startups in the Asian Region has decreased. This was conveyed by the Minister of Communication and informatics Johnny Plate.

The Minister revealed that the decline in the flow of digital start up funding in the Asian region reached 60 percent year on year and 33 percent quarter to quarter in the third quarter of 2022. However the transaction value of the Indonesian Fintech sector with a compounded annual growth rate of 39  percent is still ranks second highest among the G20 countries.

Furthermore, he assessed that technology adoption requires multi stakeholder collaboration from the industrial sector government and related stakeholders to ensure the realization of a safe national digital economy.

"Watch our show IDX Channel Official Youtube on the Market Headlines Program, Tuesday (13/12/2022) with the theme Fintech Transaction Value Remains High Despite Lower Funding .

(DKH)

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