Indonesian Regulators Makes Fintech Startup Push

Sep 23, 2019Updated May 28, 20251 min read

A new online registration system has been introduced by Indonesia’s financial regulator to monitor and further encourage the growth of fintech development in the country.

The Financial Services Authority (OJK) launched the «Electronic Gateway for Digital Finance Systems» (Gesit) which allows fintech industry stakeholders to gain fintech news access and, more importantly, consult about OJK Infinity.

OJK Inifinty is a platform the regulator created last year to act as an innovation hub, business incubator and education center for fintech startups. It currently has 121 fintech firms registered, 48 of which are ready for operation.

Aside from leveraging domestic resources, OJK chairman Wimboh Santoso said there were plans to partner with other Southeast Asian countries to further stimulate fintech development in Indonesia.

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Mei Ling Tan

Contributor · RetailNews.asia

Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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