Research Notes
Jul 01
Banks are expected to see continued growth in auto lending due to economic development but growth will be dampened by the rise of ride-sharing services.
Banks are expected to see continued growth in auto lending due to economic development but growth will be dampened by the rise of ride-sharing services.
Formal financial institutions have connected only 22% of the Indonesian population. A huge potential for the financial sector still needs to be explored, and digitised lending, which combines retail banking with financial technology, should be a future solution.