IDX-listed Bank Permata initiates talks with fintech firms to sell credit card licence

Photo: Bank Permata website

Indonesian lender Bank Permata has initiated talks with a number of fintech players, including Singapore-headquartered Honest Bank, to sell its credit card licence, said multiple persons familiar with the development.

Listed on Indonesia Stock Exchange (IDX), Bank Permata owns more than one credit card licence, “and is looking to part with one,” said one of the persons mentioned above.

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