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bullish
Financials
Indonesian Digital Banks - Ecosystems and Channels
Thematic (Sector/Industry)
4k Views
05 Aug 2022 05:43
SUMMARY
Indonesian Digital Banks are an increasing focus for investors given their potential to serve the huge numbers of underbanked in Indonesia through tapping into e-commerce and fintech ecosystems and customers.
Players such as
Bank Jago,
Allo Bank Indonesia
,
PT Bank Neo Commerce,
and
Bank Rakyat Indo Agroniaga
lead the field with the potential to tap their respective potential ecosystems.
We prefer
Bank Jago
and
Allo Bank Indonesia
, given the former's exposure to the
GoTo
's ecosystem and the latter's to CT Corp,
Bukalapak
, and
Grab (GRAB US)
.
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