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Jokowi promotes Indonesia capital project as Asia's fintech hub

Bigger Nusantara role hints at president's haste on legacy bid before term ends

President Joko Widodo visits the site of Nusantara, which he envisions as Indonesia's next capital, on the island of Borneo, on Feb. 23. (Photo courtesy of Indonesia's presidential office)

JAKARTA -- Indonesian President Joko "Jokowi" Widodo is trying hard to boost investment in his flagship project, the relocation of the country's capital from Jakarta to Nusantara, a new city being planned on the island of Borneo. He hopes to ensure the move is completed by 2045.

Widodo has another big hope for Nusantara: to make it a leading fintech hub in Asia by attracting a nucleus of financial technology companies, including startups.

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