Rural banks in Indonesia raise interest of fintech startups

REUTERS/Beawiharta

After a spate of deals and partnerships between fintech startups and mainstream lenders, it is the turn of rural banks in Indonesia to ride the digitalisation wave as they seek to serve customers in the hinterland better.

Fintech startups have snapped up several rural banking assets since last year. As reported by DealStreetAsia earlier, Indonesian fintech company KoinWorks is said to be in the final stages of acquiring a rural bank focused on SME lending. 

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