In an interview with Global Platform, Batara Sianturi, CEO of Citi Indonesia, discusses how Indonesia’s banking sector is adapting to the digital economy and the proliferation of financial technology (fintech). The country’s banks are poised to build off of strong performance in the next, technology-driven stage. Small and medium-sized enterprises are set to play a central role in this next phase, propelled by a supportive entrepreneurial ecosystem.
Patrick Cooke, Oxford Business Group’s Managing Editor for the Middle East and Asia, talks with Jade Currie, Oxford Business Group’s Regional Editor for Asia, about standout opportunities to expand trade and investment relations between the Gulf and South-east Asia in the wake of the pandemic.
Indonesia’s economy experienced a milder slowdown in 2020 than its ASEAN-5 neighbours, according the IMF’s April 2021 World Economic Outlook, and also fared better than 16 other G20 members.
The coronavirus pandemic gave rise to a massive acceleration in the spread of digital payments and cryptocurrency. This in turn has prompted central banks around the world to trial central bank digital currencies, a digital form of hard currency that is based on blockchain, but backed and issued by a central bank.
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