JAKARTA -- New banking rules in Indonesia allow near-full foreign ownership of local lenders and reduce red tape for new services as regulators move to spur growth in the country's emerging digital banking industry.
Finance
Indonesia's digital banking sector receives boost from new rules
Regulators push for quick consolidation but raise bar for latecomers
Digital banks in Indonesia are racing to sign up customers in a society where more adults have mobile phones than bank accounts. (Screenshots from the websites of Bank Aladin Syariah, BCA Digital and Bank Jago)
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