Indonesia offers a huge opportunity to introduce digital banking services, WeLab Bank’s Loong says. Photo: Xiaomei Chen
Indonesia offers a huge opportunity to introduce digital banking services, WeLab Bank’s Loong says. Photo: Xiaomei Chen

WeLab-led group raises US$240 million to buy Indonesian bank for foray into digital banking

  • The transaction marks WeLab’s expansion into its second digital banking operation in Asia, after introducing Hong Kong-based WeLab Bank in 2020
  • As much as 77 per cent of Indonesia’s population of 270 million people are underserved by banks

Topic |   Banking & finance
Indonesia offers a huge opportunity to introduce digital banking services, WeLab Bank’s Loong says. Photo: Xiaomei Chen
Indonesia offers a huge opportunity to introduce digital banking services, WeLab Bank’s Loong says. Photo: Xiaomei Chen
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