PR Newswire
30 Jan 2023, 08 GMT+10
JAKARTA, Indonesia and PERTH, Australia, Jan. 30, 2023 /PRNewswire/ -- Katalis has announced its support for Australian fintech company SkyCredit Group to explore entry into the Indonesian market for electric motorcycles. The partnership would analyse the emerging electric two-wheel mobility market sector in Indonesia and identify opportunities for SkyCredit Group to engage based on their technological strengths.
"The market for electric two-wheelers in Indonesia is certainly a game changer in the transition towards the country's transport decarbonisation. Despite the growing demand, however, financing options remain limited for the unbanked or underbanked population in Indonesia. With Katalis support, our value proposition would make electric two-wheelers more accessible, and in the long run contribute to a sustainable urban mobility system," said Paul Walshe, Managing Director, SkyCredit.
Known for its "digital first" financial services that offers online direct-to-consumer credit focused on the near-prime risk segment of the Australian market, Perth-based SkyCredit makes a credible partner for engaging in an emerging market such as Indonesia, where the company seeks to enable credit sales of electric motorcycles and lower the barrier to entry for middle-to-low-income customers through affordable payment plans.
"Through Katalis support for the innovative fintech solutions offered by SkyCredit, we seek to encourage wider adoption of electric motorcycles in Indonesia, in line with the government's vision of making electric vehicles more accessible to a broader market and meeting the decarbonisation goal," said Paul Bartlett, Director, Katalis.
Already among the largest in the world, the Indonesian electric two-wheeler market is set to grow even faster as the government sets a goal of putting two million electric motorcycles on the roads by 2025.
About Katalis
IA-CEPA ECP Katalis (Katalis) is a unique, five-year (2020-25) government-backed business development program unlocking the vast potential of economic partnership between Australia and Indonesia. Katalis was established under the Indonesia-Australia Comprehensive Economic Partnership Agreement Economic Cooperation Program (IA-CEPA ECP). The program complements other Australian development programs with a commercially oriented, bilateral approach and places gender equality, disability and social inclusion (GEDSI) at the centre of everything we do.
About SkyCredit
As a leading Australian based fintech company, SkyCredit Group's experience and expertise in credit risk, data analytics and technology is underpinned and powered by it's subsidiary entities being FinTech Services Australia, Fair Go Finance and One Card Credit. Founded in 2019, SkyCredit Group's structure successfully facilitates the delivery of scalable, online and embedded finance products to transform and disrupt the Australian financial services landscape.
Information and media contact
Adhi Fitri Dinastiar | +62 822 2685 4874 | adhi.dinastiar@iacepa-katalis.org
Get a daily dose of Sydney Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sydney Sun.
More InformationBURBANK, California: Walt Disney has begun its planned lay off of 7,000 staff, which was announced earlier this year.A letter ...
NEW YORK CITY, New York: A study published this week reported that China spent $240 billion between 2008 and 2021 ...
NEW YORK, New York - U.S. stocks posted a decent rally on Thursday with all the major indices making good ...
FREMONT, California: Neuralink, Elon Musk's brain implant company, has approached the Barrow Neurological Institute, one of the largest US neurosurgery ...
BRUSSELS, Belgium: The energy ministers of European Union member countries have approved a landmark law to end sales of new ...
BEIJING, China: After more than a year of self-imposed exile overseas, Alibaba founder Jack Ma has returned to China, allegedly ...
TEGUCIGALPA, Honduras: After Honduran President Xiomara Castro severed ties with Taiwan in favor of China to gain more investment and ...
NEW YORK, New York - A Manhattan grand jury has indicted Former U.S. President Donald Trump for his role in ...
MEMPHIS, Tennessee: Tennessee authorities are slowly releasing information about a weekend car crash on a freeway that killed six young ...
JAKARTA, Indonesia: Officials from Indonesia's Aceh province said that more than 180 Rohingya Muslims landed this week by boat, in ...
HONG KONG: Hong Kong's first authorized protest took place since the end of COVID-19 restrictions and under new strict security ...
MOSCOW, Russia: A new campaign has begun across Russia to attract badly needed recruits to replenish its troop numbers for ...