TOKYO -- Japanese consumer finance group Orico is preparing to debut a credit card business in Indonesia, a market ripe for expansion thanks to a growing middle class.
Orico inks partnership with local fintech startup Honest Financial
A vendor serves a customer at a market in Jakarta. Credit cards have only 5% penetration in Indonesia. © Reuters
TOKYO -- Japanese consumer finance group Orico is preparing to debut a credit card business in Indonesia, a market ripe for expansion thanks to a growing middle class.