'Indonesia’s Fintech investment to reach $8b in 2 years'

'Indonesia’s Fintech investment to reach $8b in 2 years'

The Indonesian Chambers of Commerce and Industry (KADIN) has said that the country’s fintech industry is expected to receive up to $8 billion (Rp 105 trillion) of investments by 2018.

Rosan Roeslani, chairman of KADIN said, the role fintech plays in the financial industry cannot be ignored, especially in creating and strengthening financial inclusion for the mass, and added: “In 2008, fintech investment stood at roughly $ 900 million. It had increased to three billion in 2013, and is projected to reach $ 8 billion by 2018,” Roeslani said at the Indonesia Fintech Festival and Conference (IFFC).

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