ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

NY-listed Sea speeds digital banking push with Indonesia acquisition

Fast-growing Singapore tech group's move heats up fintech fight in ASEAN

Sea owns e-commerce platform Shopee but is expanding into digital banking after having won a license to operate in Singapore.    © Reuters

SINGAPORE -- Singapore-based internet services group Sea has acquired majority control of small Indonesian lender Bank Kesejahteraan Ekonomi, Nikkei Asia has learned, a move that will accelerate the expansion of the company's online financial services in Southeast Asia.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more