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Indonesia to drive digital bank growth as Gojek, Sea move into fintech

With the recent announcement that Indonesia’s Bank Jago will go fully digital, the trend of digital banking is on track to open up financial services to populations across the archipelago who have so far struggled to see benefits from traditional banks. Indonesia’s Bank Jago is set to become the country’s first fully digitized bank. While the bank will provide traditional services for accounts, deposits, loans and investments, the bank will not have any physical branches or ATMs. Bank Jago will provide services exclusively online. In December 2020, the bank announced that it would expand its existing strategic partnership with ride hailing service Gojek in order to collaborate on financial

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