JAKARTA, Indonesia, February 23, 2022 - (SEAPRWire) - Fintech and crypto are growing well in Indonesia, the largest country in South East Asia. Currently, there are hundreds of startups that are developing it. Fintech in Indonesia will grow above 80% in 2021. The contribution of fintech to gross domestic product (GDP) reaches 60%. There are several among all the superior fintech categories, namely, P2P Lending, Payment Gateways and blockchain/cryptocurrency. "Financial technology companies are the pillars of the current era. In fact, fintech is also able to lift the economy and prosper the Indonesian people during a pandemic, when people lose their jobs," said Gemal A.N. Head of Editor, Survey and Research Duniafintech.com. Panggabean. One of the sectors with the most interest is P2P. The accumulated distribution of P2P loans until December 2021 reached IDR 295.85 trillion, up 89.7 percent yoy. There are 103 P2P lending fintech startups operating in Indonesia legally. Payment Gateway also helps the Indonesian people directly. The pandemic prohibits people from touching and makes a trend for Indonesians to no longer hold cash. Gemal said, about 20% of Indonesians have made digital payments. "Before the pandemic, it was probably still below 10%." This also makes payment gateway startups thrive. Last year, Xendit became a Unicorn, following the largest digital payment in Indonesia, OVO. In addition, from the blockchain side, currently, there are several new crypto developers who are attracting the attention of Indonesia. The ASIX token belonging to a famous Indonesian singer Anang Hermansyah also garnered a lot of attention. In fact, ASIX is ready to take the floor on the largest crypto exchange in Southeast Asia, Indodax which has 5 million members. Indodax recorded a 104% increase in the number of members for one year. The Indonesian government also fully supports fintech. Indonesia is also currently legalizing regulations on trading robots. Because many trading robot startups are already operating in Indonesia, especially working for crypto platforms. "Indonesians love crypto because of the high ups and downs of prices." However, Indonesia still needs education to consume digital investment products and fintech. The current government is still conducting financial literacy with related parties. Indonesians still believe in illegal financial products that promise instant wealth. "Indonesian people in general can still be wooed with financial products that promise instant wealth. They don't care about being illegal," he said. In addition to financial literacy and education, Indonesia still needs firm action and comprehensive rules to eradicate illegal investment and illegal fintech. All stakeholders continue to fight fintech practices and illegal investments and expect the government to continue to take action. The article is provided by a third-party content provider. SEAPRWIRE makes no warranties or representations in connection therewith. Any questions, please contact cs@SEAPRWIRE.com Sectors: Top Story, Daily News SEAPRWIRE (www.seaprwire.com) offers newswire service in Southeast Asia (Indonesia, Thailand, Vietnam, Singapore, Malaysia, Philippines & Hong Kong )
JAKARTA, Indonesia, February 23, 2022 – (SEAPRWire) – Fintech and crypto are growing well in Indonesia, the largest country in South East Asia. Currently, there are hundreds of startups that are developing it. Fintech in Indonesia will grow above 80% in 2021. Gemal Panggabean, Head of Editor, Survey and Research Duniafintech.com The contribution of fintech to gross domestic product (GDP) reaches 60%. There are several among all the superior fintech categories, namely, P2P Lending, Payment Gateways and blockchain/cryptocurrency. “Financial technology companies are the pillars of the current era. In fact, fintech is also able to lift the economy and prosper the Indonesian people during a pandemic, when people lose their jobs,” said Gemal A.N. Head of Editor, Survey and Research Duniafintech.com. Panggabean. One of the sectors with the most interest is P2P. The accumulated distribution of P2P loans until December 2021 reached IDR 295.85 trillion, up 89.7 percent yoy. There are 103 P2P lending fintech startups operating in Indonesia legally. Payment Gateway also helps the Indonesian people directly. The pandemic prohibits people from touching and makes a trend for Indonesians to no longer hold cash. Gemal said, about 20% of Indonesians have made digital payments. “Before the pandemic, it was probably still below 10%.” This also makes payment gateway startups thrive. Last year, Xendit became a Unicorn, following the largest digital payment in Indonesia, OVO. In addition, from the blockchain side, currently, there are several new crypto developers who are attracting the attention of Indonesia. The ASIX token belonging to a famous Indonesian singer Anang Hermansyah also garnered a lot of attention. In fact, ASIX is ready to take the floor on the largest crypto exchange in Southeast Asia, Indodax which has 5 million members. Indodax recorded a 104% increase in the number of members for one year. The Indonesian government also fully supports fintech. Indonesia is also currently legalizing regulations on trading robots. Because many trading robot startups are already operating in Indonesia, especially working for crypto platforms. “Indonesians love crypto because of the high ups and downs of prices.” However, Indonesia still needs education to consume digital investment products and fintech. The current government is still conducting financial literacy with related parties. Indonesians still believe in illegal financial products that promise instant wealth. “Indonesian people in general can still be wooed with financial products that promise instant wealth. They don’t care about being illegal,” he said. In addition to financial literacy and education, Indonesia still needs firm action and comprehensive rules to eradicate illegal investment and illegal fintech. All stakeholders continue to fight fintech practices and illegal investments and expect the government to continue to take action. The article is provided by a third-party content provider. SEAPRWIRE makes no warranties or representations in connection therewith. Any questions, please contact cs@SEAPRWIRE.com Sectors: Top Story, Daily News SEAPRWIRE (www.seaprwire.com) offers newswire service in Southeast Asia (Indonesia, Thailand, Vietnam, Singapore, Malaysia, Philippines & Hong Kong )
SINGAPORE - As the number of Covid-19 cases in Bukit Merah View Market and Food Centre climbed, Mr Koh Tong Khoon sensed bad news was coming. The Mookata Eating House stall at Bukit Panjang Hawker Centre that he owns is not on any food delivery platform. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.
LONDON (REUTERS) - Sebastian Vettel will want to show he still has the speed and spirit of a four-times world champion as he makes a fresh start with Aston Martin this season, but the German already has some catching up to do. Through no fault of his own, the 33-year-old ended Formula One's pre-season testing in Bahrain with less mileage than any of his rivals and with the first race looming at the same Sakhir circuit on March 28. Such a situation would have alarmed him back in the day when he won four successive titles with Red Bull but Vettel, winner of 53 races, is older and wiser now. "Probably 10 years ago I would finally panic now," Vettel told reporters. "But then again, if I were to panic now would it help? Probably not. "We are just trying to do our things and use the time now we have. We still got some running, And for me it was super, super useful. "It could be better, but it could be worse. So I think it's about remaining calm, doing one thing at a time and moving forward when it's time to." Vettel arrives at the Mercedes-powered, Silverstone-based team after six years at Ferrari, the last two spent uncomfortably alongside rising star Charles Leclerc, and with a new role. Glaring mistakes at Ferrari raised questions about whether he was a spent force but Aston Martin, the former Racing Point team who won in Bahrain last year with now-departed Mexican Sergio Perez, are sure Vettel still has plenty in the tank. They value his feedback and see him as key to helping the progress of Canadian team mate Lance Stroll, son of Aston Martin owner Lawrence. "I think we're going to get the best out of Seb, I really do," said technical director Andrew Green at the team's car and livery launch. Vettel did only 10 laps on day two of testing, a total of 54km, as a result of a gearbox problem and then had a loss of boost pressure on the Sunday that forced an early finish and left plenty of boxes still to tick. Over three days he managed 117 laps, less than half the total of AlphaTauri's Pierre Gasly (237). More on this topic Related Story Motor racing: Verstappen shuns F1 favourite tag as Mercedes seek solutions Related Story Motor racing: Red Bull are looking particularly strong, says Hamilton The German told reporters that doing laps was more important than the times, that he was around 100 short of where he wanted to be and expected the opening races to be a steep learning curve. "The car feels very promising but there's still a lot of things that I need to get used to," said Vettel. "It's a new environment, new people and a new way of doing things. I need to adapt and learn so that will take some time. The more time you get, the better it is. "The one and a half days each of us get (in testing) are very crucial but... it's normal that it takes more than one and a half days to get back into a rhythm and everything." More on this topic Related Story Motor racing: AlphaTauri's Tsunoda 'excited' to start F1 season after testing sensation Related Story Formula One: Five talking points ahead of pre-season testing
LONDON (REUTERS) - Lewis Hamilton says the outcome of his bid for a record eighth world championship this season will not determine whether he stays in Formula One. The 36-year-old is contracted to Mercedes only until the end of 2021 but he said on Tuesday (March 2) he was "fully invested" in delivering for his team. Asked how much his future hinged on his title bid, the Briton told reporters after the launch of his team's new W12 car that he did not want that to be the deciding factor. "I got into racing because I loved racing and I think that's got to be always at the core of what I do," he said. "If I don't love racing, if all you're going for is accolades, if all you're going for is titles, I feel I could potentially lose my way. "Of course it's the ultimate dream (to be an eight times champion) but I don't think that's necessarily going to be the deciding factor whether I stay or keep going," added the sport's most successful driver. Hamilton has been a race winner in every season since he started out with McLaren in 2007 and took 11 victories last season. The Briton now has a record 95 wins, 98 pole positions and 165 podiums. He missed one of last year's 17 races after testing positive for Covid-19, but still won 11 and will start the new season as favourite again. More on this topic Related Story Motor racing: Wolff says Mercedes still fired up for success Related Story Formula One: Verstappen 'not thinking' about succeeding Hamilton ahead of F1 season The Briton, awarded a knighthood after his seventh championship and with plenty of outside interests in fashion and music, said it depended on whether he still had "that smile" when he put his helmet on and drove out of the garage. "It's going back to 'do you enjoy it?' Last year was a really tough year for everyone, including me. But I think there were some really impactful moments," he said. "Will it still be the case this year? we'll see. Will I enjoy it as much? We'll see." The sport's only black driver, and active campaigner for racial equality and justice, had said earlier that his priority had changed from "just winning championships" to pushing for diversity. More on this topic Related Story Motor racing: Formula One says racing in Africa is a priority Related Story Formula One: Hamilton's one-year Mercedes deal raises questions about the future
Golf is paying homage to Tiger Woods. It's going red with respect by wearing his shirt colour. It's stamping his name on golf balls in the way he imprinted himself on history. In his hospital room, a stilled man was so moved by his peers that he tweeted in gratitude. It got 384,000 Twitter likes. Golf is talking to surgeons who have never met Tiger and reading up on orthopaedics. A newspaper crafted a diagram of imagined breaks of his leg. Everyone's wondering, you know, is there a chance he could one day... Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.
LONDON • Jose Mourinho still believes Tottenham can finish in the top four of the Premier League despite a poor run that has sent them tumbling down the table. Spurs have slipped from top to ninth after a run of just three wins in the past 12 games, meaning they are now outsiders to secure Champions League qualification. Mourinho's men visit West Ham today six points behind the fifth-placed Hammers (42) with a game in hand. "It's very premature to think about the table," he said. "People still have matches in hand. In our case, we played already two matches against Liverpool, Chelsea, Manchester City." Mourinho said Spurs, who play City in the League Cup final in April, would fight to qualify for next season's Champions League. "We can finish top four, top six or outside the top six," he added. "We've to make sure the best possible thing is going to happen." The reverse fixture at the Tottenham Hotspur Stadium in October finished 3-3 after West Ham scored three goals in the final 10 minutes. That draw had long-lasting consequences as Mourinho adopted a more pragmatic approach to tighten up defensively. The Portuguese, 58, said that game against the Hammers was a microcosm of Spurs' campaign. "The first game against West Ham is a little bit of the reflection of some of our problems," he said. "If we win that game you would all say we played amazingly well, which we did, we had an incredible first half, lots of quality, lots of dominance, we played really well but we didn't win it and this is a reflection of many of our matches." Giovani Lo Celso, Serge Aurier and Sergio Reguilon remain injured for today's clash. Manchester United manager Ole Gunnar Solskjaer believes that his second-placed team, who are 10 points behind leaders Manchester City (56), can still catch their rivals with 14 games left. Speaking ahead of today's home match against Newcastle, he said: "We can't hide the fact we've dropped off our form a bit... Whatever other teams do, we can't control. We are going to have to get a good run together if we're to put pressure on City." AGENCE FRANCE-PRESSE WEST HAM V TOTTENHAM Singtel TV Ch102 & StarHub Ch227, 8pm MANCHESTER UNITED V NEWCASTLE Ch102 & Ch227, tomorrow, 3am
Some users of Internet service provider MyRepublic were hit by a broadband outage on Thursday morning and there were reports of the problem continuing for more than 24 hours. Connectivity issues were reportedly experienced from 7.34am on New Year's Eve by users in various locations, including Yishun, Sengkang and Yio Chu Kang. In response to queries from The Straits Times, a spokesman for MyRepublic said yesterday that fewer than 100 subscribers, which made up 0.1 per cent of its users, were affected. A small number of them still had connectivity issues, and these were being handled on a case-by-case basis, he added. The Infocomm Media Development Authority was also updated on the outage, in line with the company's policies and regulations. On Thursday, MyRepublic acknowledged the glitch in a Facebook post at 10.55am. In an update at 1.48pm on the same day, it said connectivity was restored and it advised customers who were still facing these issues to switch off their optical network terminal and router for 10 minutes before turning them on. But several customers said on Facebook that they were still unable to connect to the Internet yesterday. "It still wasn't working when I tried this morning around 9.50am," said Mr Alvin Ong, 40, who lives in Sengkang. Since 7.45am on Thursday, the manager at a non-profit organisation has tried restarting as instructed at least eight times. More on this topic Related Story MyRepublic customers in northern, western Singapore hit by Internet outage Related Story M1 says all affected services restored after fibre broadband outage that lasted over 4 hours Mr Ong, a subscriber for around six years, said MyRepublic "should share why the disruption occurred and when service will be restored". Ang Qing
LONDON (REUTERS) - Seven-times Formula One world champion Lewis Hamilton was awarded a knighthood in the UK New Year's honours list published on Wednesday (Dec 30). The 35-year-old this year became the most successful F1 driver of all time after equalling Ferrari great Michael Schumacher's record seven titles and beating the German's 91 race wins. The sport's only black driver, who grew up in social housing as the grandson of immigrants from the Caribbean, Hamilton has also used his profile to campaign for diversity and speak out against racial injustice. The Monaco resident's presence on the overseas and international list, rather than a main one with many rewarded for service to public health in a pandemic, was seen as a reflection of his tax status. The Daily Mail newspaper said Prime Minister Boris Johnson had "bent the rules" to get around the tax requirements for domestic awards. The citation referred to Hamilton's sporting record and his "charitable and philanthropic contributions in the UK and overseas". Cinematographer Roger Deakins, famed for his work on movies such as 1917, Shawshank Redemption and Skyfall, was also knighted on the same overseas list. Hamilton's supporters have long felt his achievements have not been sufficiently recognised at home and they expressed delight at the Mercedes driver joining a select group of sporting sirs. "Lewis is a true giant of our sport and his influence is huge both in and out of a car," said newly-appointed Formula One chief executive Stefano Domenicali, a former Ferrari team principal. "What he has achieved is phenomenal with still more to come." More on this topic Related Story Formula One: Vettel says newly-crowned, 7-time champ Hamilton 'greatest driver of our era' Related Story Formula One: Royal fan Hamilton says he would never refuse a knighthood Mercedes team boss Toto Wolff hailed Hamilton, who won his first title with McLaren in 2008, as the most successful British sportsperson of his era. The knighthood, he added, showed that Hamilton - often seen as a polarising figure - was "now receiving the recognition he has earned during a career of unparalleled success in motorsport". "The UK can be very proud to have a champion and ambassador of the calibre of Sir Lewis Hamilton," added the Austrian. More on this topic Related Story Formula One: Lewis Hamilton still feeling effects of Covid-19 Related Story Hamilton caps brilliant year with 2nd BBC award Hamilton is the fourth F1 driver to be knighted after the late Australian Jack Brabham, Stirling Moss and triple champion Jackie Stewart and the only one to have received the award while still racing. Cycling's Tour de France winner Bradley Wiggins, Olympic 5,000 and 10,000 metres gold medallist Mo Farah, twice Wimbledon tennis champion Andy Murray and England cricketer Alastair Cook have also been knighted as active sportsmen.
LIVERPOOL (AFP) - Liverpool were not derailed by an injury crisis as Jurgen Klopp's men produced a dominant display to beat Leicester 3-0 and move level on points with Premier League leaders Tottenham. Klopp was missing seven first-team regulars through injury and top scorer Mohamed Salah due to a positive coronavirus test, but Liverpool still swept aside a Leicester team who had started the weekend on top of the table. Jonny Evans' own goal was just reward for the Reds' bright start before Diogo Jota set a record-breaking start to life at Anfield. The Portuguese international became the first Liverpool player to score in his first four home league games when he headed home Andy Robertson's inch-perfect cross. Kasper Schmeichel in the Leicester goal kept the score down as he made a series of second-half saves, notably from Sadio Mane and Jota, while Evans had a lucky escape as the post prevented him from scoring a second own goal. Roberto Firmino thought he had been denied just his third league goal in 24 games when the Brazilian's shot came back off the post and his follow-up was cleared by Marc Albrighton with just 10 millimetres of the ball not over the line. But Firmino rounded off a brilliant team performance by rising highest to meet James Milner's corner. Another muscle injury suffered by Naby Keita was the only negative for Klopp on a night when his side showed they will not give up their title easily despite losing centre-backs Virgil van Dijk and Joe Gomez for the rest of the season. Leicester boss Brendan Rodgers has now lost all three meetings against his former club and just like the previous meeting between the sides, which Liverpool won 4-0 in December, the Foxes were shown the gulf they have to bridge to become title contenders. Harvey Barnes wasted one big opportunity for the visitors when he sliced wide Jamie Vardy's cross at 1-0. But the end to a six-game winning run sees Leicester fall back to fourth, two points off the top. Liverpool paid tribute to former goalkeeper Ray Clemence, who died aged 72 after a long battle with prostate cancer this week, before kick-off. Alisson Becker wore a replica of Clemence's jersey from the 1981 European Cup final win over Real Madrid in the warm-up, while his former teammates Kenny Dalglish and Ian Rush paid their respects from the stands. And two of Liverpool's greatest ever players also got the chance to show their appreciation to the current crop, who surpassed a club record they set between 1978 and 1981, as Klopp's men are now unbeaten in 64 league games at Anfield stretching back to April 2017.