Indonesia’s tech news snapshot for April 2023 briefly touches on the increasing value of QR code driven digital payments in the country, the growth in battery-swapping networks for electric vehicles across Indonesia’s provinces, the projected weight of Indonesia’s e-commerce sector, and more.
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PwC Global Crypto Regulation Report 2023
- Indonesia: Swap Energy raises $7.2M pre-A with battery-swap solutions for 2-wheeled EVs, aiming to build on 800 swap-charge stations in 14 provinces
- Indonesia: Mobee launches digital asset exchange for qualified investors, family offices, and institutional-grade clients, following regulator licensing
Indonesia:
“The value of QR transactions has risen exponentially to hit $6.5BN last year, and should gain further traction as the central bank doubles the transaction limit to 10 million rupiah.”
- Indonesia drops VAT on battery-based electric vehicle sales to 1% from 11% in bid to boost EV adoption and attract investment into domestic production
- Indonesia: Legit Group ‘cloud kitchen’ startup raised $13.7M Series A with no offline presence, focusing on tech-driven infrastructure
- Indonesia & e-commerce: “In 2021, it became the 9th-largest e-commerce sector in the world, valued at $43BN – nearly 6times its value in 2018 ($8BN)…”
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