Deep Dive: Stripe’s rough road into Indonesia

Startup Snapshot

Over the past year, financial services major Stripe has been stepping up its efforts to enter the Indonesian market, targeting key positions for early hires. Among them is former Grab Indonesia executive director Ongki Kurniawan, who’s now leading Stripe’s charge in the country.

However, Indonesia is bustling with ambitious, freshly funded fintech players such as Xendit, Doku, and Gojek’s Midtrans, and this could make Stripe’s foray into the Southeast Asian archipelago all the more challenging.

In this episode of Deep Dive, Tech in Asia’s Ardi Wirdana discusses the payment giant’s Indonesia ambitions, the hurdles it faces in establishing a foothold in the market, and the impact that Stripe could have on the local fintech scene.

More information on today's episode here: https://www.techinasia.com/deep-dive-stripes-rough-road-indonesia

Featured reporter:

• Ardi Wirdana, a Tech in Asia journalist based in Indonesia

Essential reading:

• Stripe readies Indonesia entry, but the road just got rougher
• Indonesia fintech hits hurdle with new rules on foreign control

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