Indonesian unicorn Xendit ventures into banking space, partners rural lender

Photo by Blake Wisz on Unsplash

Indonesian digital payment platform Xendit, which earned the coveted unicorn moniker last year, has forayed into the banking sector through a partnership with a rural lender, a company spokesperson told DealStreetAsia.

Xendit, which offers payment solutions and digital infrastructure, has entered into a strategic partnership with PT Bank Perkreditan Rakyat (BPR) Xen, a rural bank located in Depok, West Java.

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