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Indonesia digest: OVO-Prudential Indonesia, Warung Pintar-Reckitt, LinkAja-SRC team up

Indonesia digest: OVO-Prudential Indonesia, Warung Pintar-Reckitt, LinkAja-SRC team up
OVO collaboration with Prudential Indonesia, in launching digital sharia insurance product
April 28, 2021
OVO has partnered with Prudential Indonesia to launch a digital sharia life insurance product; Reckitt has partnered Warung Pintar for access to 500,000 warungs; LinkAja is collaborating with SRC to offer digital payments in stalls.
OVO partners Prudential Indonesia for sharia life insurance
Grab-backed digital wallet OVO has partnered with PT Prudential Life Assurance (Prudential Indonesia) to launch a digital sharia life insurance product PRUTect Care-Hospital Cash available on the OVO app.
Besides the basic death benefit it offers daily hospital cash benefit, daily hospital cash (ICU), permanent disability due to total accident benefit, death benefit due to infectious diseases, and death benefit due to accident. Premiums start from around 5,000 rupiah (US$0.34) ....

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Atome Financial acquires PT Mega Finadana Finance in Indonesia

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We ....

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Indonesia in Focus Newsletter - March 2021 | Bryan Cave Leighton Paisner

Indonesia in Focus Newsletter - March 2021 | Bryan Cave Leighton Paisner
jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.

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Financial API provider Brick is building the infrastructure for open banking in Southeast Asia – TechCrunch

Financial API provider Brick is building the infrastructure for open banking in Southeast Asia – TechCrunch
techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.

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UPDATE 1-Indonesian banking regulator says Sea Group's Shopee acquires Bank BKE

By Reuters Staff
(Adds details)
JAKARTA, Feb 18 (Reuters) - Indonesia s Financial Services Authority (OJK) said on Thursday that Sea Group s e-commerce arm Shopee had acquired local lender Bank Kesejahteraan Ekonomi (Bank BKE) IPO-KSJH.JK with the aim of transforming it into a digital bank.
OJK official Anung Herlianto said that Shopee, Southeast Asia’s largest e-commerce platform, has yet to make an official application with the banking regulators to transform Bank BKE into a digital institution, but they are “currently preparing the infrastructure to do so.” He told reporters that OJK was preparing regulations for new digital banks, which would likely be released in mid-2021, but that a digital lender like Bank BKE would be expected to prepare 3 trillion rupiah ($213.64 million) in capital. ....

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