With a young workforce (average age of 29.7 years), a strong banking industry (around ~150 banks) and improving internet penetration, it is set to become one of the largest financial markets in Asia.
Mobile money applications have proven to be catalysts in developing countries, they offer financial inclusion, convenience and a little something extra in form of cashbacks and other rewards.
India, China, countries in Africa, all have witnessed the impact applications driven on mobile devices have on their economies.
Flip has raised $55 million in a round led by Tencent and Block. It is an Indonesian payments fintech, that aims to do good for the country and contribute in making an impact on the economy.
I believe as they get more traction, this objective will start to come close to being achieved.