Fintech adoption witnesses hyper growth in Indonesia, but lack of financial literacy a concern

Fintech adoption witnesses hyper growth in Indonesia, but lack of financial literacy a concern

Clockwise from top-left: Tushar Roy, Partner, Square Peg Capital; JJ Ang, Chief Financial Officer, GudangAda; Claudia Kolonas, Founder, Pluang; and Vincent Henry Iswaratioso, Co-founder and CEO, DANA at the Indonesia PE-VC Summit 2022

Fintech firms in Indonesia, key pillars of the country’s digital transformation, have witnessed tremendous growth in their user base in recent times.