Article: Payments Firm 2C2P Partners Brankas to Bring Open Banking to Indonesia

API, Money, Open Governance, Open Infrastructure

Payments Firm 2C2P Partners Brankas to Bring Open Banking to Indonesia

Brankas, an Indonesian open banking provider, announced a strategic partnership with payments firm 2C2P to introduce their modern open banking solution to Indonesia. Through Brankas‘ API integration, customers of 2C2P’s merchants will be directly connected to major Indonesian banks including Bank Central Asia (BCA), Bank Mandiri, Bank Negara Indonesia and Bank Rakyat Indonesia.

Built on the principles of open banking, the partnership allows Indonesian businesses to offer customers a direct debit option during the checkout process to make payments from their personal banking accounts with the afore-mentioned banks immediately.

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Article: In 70% underbanked Southeast Asia, startups push for open finance

Money, Open Governance

In 70% underbanked Southeast Asia, startups push for open finance

Brankas, Brick, and Finantier are trying to replicate the Western open banking methods in a fragmented region, with countries like Indonesia and the Philippines, where bank branches are far apart. While big banks are pushing back, investors see promise in these startups.

The startups are building APIs—the plumbing that allows apps to access consumers’ banking and other financial data in a secure way.

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