The Southeast Asian island nation of Indonesia offers significant business opportunities for Swiss fintech SMEs and startups.
Indonesia has charted impressive economic growth over the last two decades, becoming the largest economy in South East Asia and the eighth largest in the world in terms of purchasing power parity. Indonesia’s internet economy was valued at USD 40 billion (CHF 38.6 billion) in 2019, with an average growth rate of 49% a year since 2015. It is expected that the value will exceed USD 130 billion (CHF 125.5 billion) by 2025, thanks to a digitally savvy population, low data costs, and high penetration of mobile devices.
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