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Indonesia’s USD 500 Bn Banking Gap: Can Digital Banks Win before Incumbents Digitize?
Indonesia’s OJK1 aims to raise Banking Assets to GDP to 77% by 2029, up from 57% in 2024. This means adding around USD 500 Bn in banking assets. Both digital and traditional banks are growing quickly to capture this opportunity. However, digital distribution alone may not be enough. The winners will need a clear cost […]
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