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.
Prior to the outbreak of Covid-19, Myanmar's insurance sector was going through a period of rapid change following the entry of foreign insurers in 2019. Amid the disruptive environment of the pandemic, the fledgling insurance industry has continued to develop new distribution channels and services in response to shifting demands from the market.
Myanmar has seen an increase in financial technology (fintech) and digital payment offerings since the outbreak of the coronavirus pandemic, raising hopes for the expansion of financial inclusion in a country where banking penetration remains below the regional average.
While the pandemic has placed extra strain on the Philippines’ health care system, increased awareness of health risks could lead to a spike in private insurance coverage.
Read our Papua New Guinea 2020 Economic Report and Investment Analysis online or purchase from our online store
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×
