indonesia-startup-regulations

Winding up for the day? Read today’s ecommerce headlines here.

1. DHL ecommerce to invest 70 million euros to augment ecommerce

Through its subsidiary Blue Dart Express, this investment will go into the expansion of its air hubs in Delhi and Mumbai which are part of its network of 13 air hubs in India, the company said in a statement.

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2. OCBC becomes first bank in Southeast Asia to use Blockchain technology for payment services

The use of a payment blockchain solution will see increased efficiency, transparency and security as well as lower costs and a better customer experience.

A successful pilot payment transaction between the bank and its subsidiaries, OCBC Malaysia and Bank of Singapore, was conducted on 8 November 2016, using a payment blockchain solution jointly designed by OCBC Bank and local banking payment solutions company BCS Information Systems (BCSIS).

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3. Indonesia’s startups to face tougher regulations in 2017

The tech ministry, trade ministry, Indonesia’s central bank, and the financial services authority as four government bodies that will take a more active role in oversight in 2017. The Indonesian government has come up with new rules for the transport and ecommerce sectors, specifically. In April, the ministry of transportation worked out rules for how taxi companies, car rental services, and transportation apps can co-exist.

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