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Indonesia's Traveloka doubles down on fintech ahead of IPO

President Caesar Indra calls sector a pillar but has no plan for digital bank

Traveloka President Caesar Indra sees fintech as a pillar of the company's operations. (Source photos by Rie Ishii and courtesy of Traveloka)

JAKARTA -- Indonesian online travel unicorn Traveloka is intensifying its bet on the financial service sector as it prepares an initial public offering.

Primarily known as the Southeast Asian country's equivalent to Expedia, the U.S. travel booking service, Traveloka has steadily become a burgeoning fintech player in recent years, and is now expanding its "buy now, pay later" services beyond its ecosystem.

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