Hong Kong Fintech Unicorn WeLab To Enter Increasingly Crowded Indonesian Digital Banking Market

App, News, Software, TechnologyWritten by Aello ConsultingMarch 2, 2022

WeLab, a fintech unicorn startup based in Hong Kong, is planning to launch a digital bank in Indonesia in the second half of this year, following its $240 million deal to buy a controlling stake in Bank Jasa Jakarta. However, Indonesia’s digital banking market will be tough to crack, as traditional banks and tech companies have rushed into the growing market.

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Insights and trends of e-commerce in Indonesia [market analysis]

NewsWritten by Aello ConsultingMay 4, 2020

Indonesia has the largest population in Southeast Asia, by far, and an e-commerce penetration that is still very low, making it one of the hottest e-commerce markets in the world. Attracting both global and local companies’ interests, Indonesia now has a fast-growing e-commerce scene poised to become a global powerhouse. Still inferior to 1% of all sales in Indonesia, e-commerce is

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