Investment Press Release

MAS, Indonesia’s OJK renew fintech partnership to boost innovation

• ByStartupStory     |    November 11, 2025

The Monetary Authority of Singapore (MAS) and Indonesia’s Otoritas Jasa Keuangan (OJK) have renewed their Memorandum of Understanding (MoU) to deepen collaboration in financial technology (FinTech) and digital financial assets. The renewed MoU builds on their original agreement signed in 2018 and was announced during a bilateral meeting on November 10, 2025.

Under this enhanced partnership, MAS and OJK will exchange knowledge and best practices to promote innovation in the FinTech ecosystem across both countries. The collaboration aims to facilitate regulatory cooperation, which includes enabling promising FinTech firms access to each other’s regulatory sandbox programs, allowing companies to test new technologies in a controlled and supervised environment.

The focus areas of the renewed partnership include cross-border digital finance, ensuring regulatory alignment, market integrity, consumer protection, and support for Micro, Small & Medium Enterprises (MSMEs) and financial inclusion. Both regulators also aim to enhance cross-border information sharing for FinTech activities within regulatory boundaries to streamline operations for companies expanding within the ASEAN region.

Hasan Fawzi, Chief Executive of OJK, emphasized that the MoU is geared towards fostering innovations and supporting MSMEs and financial inclusion through joint pilots and knowledge-sharing in areas like artificial intelligence and digital assets. Leong Sing Chiong, Deputy Managing Director at MAS, highlighted the longstanding partnership and shared commitment to fostering FinTech innovation to serve markets across ASEAN.

This renewed pact signals a strong united front between two of Southeast Asia’s largest economies to support a more integrated and innovative digital finance ecosystem, contributing to the region’s overall digital economic growth.

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