WeLab, Astra to launch digital bank in Indonesia next year

WeLab, Astra to launch digital bank in Indonesia next year

Courtesy of WeLab.

Hong Kong-based fintech unicorn WeLab, together with its partner Astra International, is looking to invest half a billion dollars in Indonesian small-sized lender Bank Jasa Jakarta to transform it into a digital bank, according to founder and group CEO Simon Loong.