As a follow up to our previous report on the digital banking landscape, we highlight fintech’s area of focus, i.e. in payments and personal loans. E-money market share rose from a mere 1% in 2015 to 28% by 2020, with value per transaction rising 5-fold, vs. declines for debit and credit cards. Fintech’s outstanding loans have been growing at 55% 2Y CAGR, with personal loans, such as paylater, as the most popular product. Meanwhile, QRIS implementation allows conventional banks to integrate digital payments to their mobile platforms, opening more fee income sources.