Bank CTBC Indonesia has issued a loan of 250 billion rupiah (around $15.3 million) to peer-to-peer lending platform Easycash, while Alfamidi, a subsidiary of Alfa Group and operator of the Alfamidi convenience store chain, has allocated 1.5 trillion rupiah (around $92 million) in capital expenditure (capex) for 2025, with plans to open 200 new stores.
Bank CTBC Indonesia disburses $15.3m loan for Easycash
Bank CTBC Indonesia has announced a loan of 250 billion rupiah (around $15.3 million) to peer-to-peer lending platform Easycash, as part of a broader initiative to improve access to credit for underserved segments, including individuals, informal workers, and small business owners.
“This synergy goes beyond just accelerating credit decisions; it enhances accuracy as well,” said Nucky Poedjiardjo Djatmiko, CEO of Easycash, in a statement. “With advanced technology and prudent risk management, we’re committed to expanding access to credit for the unbanked and underbanked. Our dual-track approach combines effective digital marketing and risk control to ensure both scale and quality.”
Iwan Satawidinata, president director of CTBC Indonesia, noted that the partnership supports the bank’s strategy to streamline credit disbursement without compromising on prudential standards.
“We continue to evolve and collaborate to offer holistic financial solutions. This alliance helps extend our lending reach and deliver faster access to credit while maintaining a high-quality loan portfolio,” he said.
Founded in 2017, Easycash has served over 7.8 million borrowers, with total loan disbursements exceeding 70.64 trillion rupiah as of April 2025. In February, the company also secured a loan facility from Bank DBS Indonesia, as it continues to scale its consumptive lending business.
Bank CTBC Indonesia, meanwhile, is intensifying its digital transformation to improve credit access across various sectors. In addition to Easycash, the bank has established similar lending partnerships with AdaKami, AwanTunai, and Akseleran, among others.
Alfa Group’s Alfamidi allocates $92m for capex, eyes 200 new stores
PT Midi Utama Indonesia Tbk (Alfamidi), a subsidiary of Alfa Group and operator of the Alfamidi convenience store chain, has allocated 1.5 trillion rupiah (around $92 million) in capital expenditure (capex) for 2025, with plans to open 200 new stores throughout the year.
Alfamidi’s corporate secretary Suantopo Po said around 60% of the capex will be used to develop new stores, while the remainder will go toward building new warehouses, lease renewals, and renovations of existing stores and facilities.
The 200 new stores will include various formats under the Alfamidi brand, including Alfamidi, Alfamidi Super, and Alfamidi Fresh. However, as of Q1 2025, only about 17.5% of the target—or 35 stores—have been opened.
Po acknowledged that the first half of the year tends to be slower in terms of store development, citing Ramadan and Eid holidays as major factors, which made it difficult to deploy construction labour—mostly sourced from Java—to locations outside the island.
As part of its strategy to focus on core retail operations, Alfamidi has also divested its stake in Lawson to its parent company PT Sumber Alfaria Trijaya. He noted that the divestment will not hinder the company’s growth goals, despite Lawson contributing 6.8% to Alfamidi’s net revenue in 2024. The Alfamidi brand contributed 87.6% to revenue last year.
Post-divestment, Alfamidi’s contribution is expected to exceed 90%, reinforcing the company’s strategic emphasis on its core format. The company also plans to reallocate 200.45 billion rupiah from the Lawson divestment proceeds to help fund its 2025 capex and expansion efforts.
