Deep Dive: Does the rise of digibanks threaten Indonesia’s online lending industry?

Startup Snapshot

As digital banking rises to prominence in Indonesia, tech companies from various sectors have been dipping their toes in the game, partnering with and sometimes even acquiring digibanks.

Leveraging their greater and easier access to capital, online and peer-to-peer lenders have also joined the fray. However, some question whether this move toward the digital banking space might spell doom for the lending scene.

Will digibanks soon render online lenders obsolete? Or is there room for coexistence in the future? On this episode of Deep Dive, Tech in Asia journalist Budi Sutrisno discusses what lies ahead for Indonesia’s online lending scene.

Featured reporters:

• Budi Sutrisno, a Tech in Asia journalist based in Jakarta

Essential reading:

• Why Indonesia’s tech giants find digital banks irresistible
• As digibanks rise, will Indonesia’s online lenders become obsolete?
• The tech companies bankrolling Indonesia’s digital banks