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E-commerce Adoption Surges Among Indonesia’s Silver Generation

E-commerce Adoption Surges Among Indonesia’s Silver Generation

Indonesia
Market Insight

Indonesia’s e-commerce landscape is experiencing an unexpected shift as shoppers aged 55 and above emerge as the fastest-growing demographic, according to new data from ProSpace Indonesia’s Consumer Behavior Study.
The report shows a 78% increase in e-commerce participation among Indonesians over 55 during the past 18 months, compared to 23% growth across all age groups. This “silver generation” now accounts for 17% of Indonesia’s e-commerce spending, up from just 6% in 2023.
“We’re seeing a fundamental shift in shopping behaviors among older Indonesians who previously preferred traditional retail,” notes Rini Sutanto, Consumer Research Director at ProSpace. “Improved user interfaces, voice search capabilities, and trusted payment systems have broken down the technological barriers.”
Health and wellness products, groceries, and religious items lead purchases in this demographic, while fashion and electronics show stronger growth among younger consumers. The trend has prompted major platforms like Tokopedia and Shopee to develop features specifically targeting older users.
Regional adoption remains uneven, with Java and Bali showing the highest e-commerce penetration among seniors at 42%, while eastern Indonesia lags at 19%. However, all regions show positive growth trajectories.
For retailers, the shift represents an opportunity to tap into a demographic with significant purchasing power and brand loyalty potential.
For market insights: Phone: +62 21 5799 8989 Email: info@prospaceindonesia.com Follow @prospace.indonesia on Instagram for updates

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Climate Finance Initiatives Creating Green Investment Opportunities Across Africa

Africa
Business News

Innovative climate finance mechanisms are creating substantial green investment opportunities across Africa, mobilizing capital for projects that combine climate impact with commercial returns. These initiatives are channelling unprecedented funding into renewable energy, sustainable infrastructure, and climate-smart agriculture.
Key developments include specialized green bond programs designed for African issuers; blended finance vehicles combining concessional and commercial capital; results-based financing tied to verified carbon reductions; and climate-focused venture capital targeting early-stage innovations.
These mechanisms have mobilized over $8.5 billion in climate-aligned investments during 2024, with particularly strong flows into distributed solar, green transportation infrastructure, and resilient agricultural systems.
“Africa’s climate finance landscape has evolved significantly beyond grant funding to create genuine investment opportunities with attractive returns,” explains Dr. Kofi Mensah, Sustainable Finance Director at ProSpace Indonesia. “The most successful approaches combine climate impact with clear commercial models addressing Africa’s development priorities.”
ProSpace Indonesia provides specialized climate finance advisory services, including opportunity assessment, mechanism selection, and implementation planning.
For information on African climate finance opportunities, contact ProSpace Indonesia at +62 877 8887 7678 or email info@prospaceindonesia.com. Follow @prospace.indonesia on Instagram for insights on Africa’s evolving sustainable finance landscape.

Fintech Disruption Reshapes Indonesian Banking Landscape

Indonesia
Market Insight

Traditional banking institutions in Indonesia are facing unprecedented competition as fintech adoption rates surge across the country. A new study by ProSpace Indonesia reveals that 47% of Indonesian banking customers now use at least one fintech service regularly, up from 31% in 2023.
Digital payments lead the disruption, with peer-to-peer lending, investment platforms, and neobanks gaining significant market share. The report indicates that traditional banks could lose up to 28% of their revenue streams to fintech competitors by 2027 if they fail to adapt.
“Banks are no longer competing with other banks—they’re competing with user experience and technological innovation,” explains Fitra Widjaja, Banking Sector Analyst at ProSpace. “Institutions that embrace open banking and collaborative models with fintech players are maintaining their competitive edge.”
The central bank’s regulatory sandbox approach has enabled controlled innovation while maintaining financial stability. Meanwhile, recent regulatory changes have opened doors for virtual banking licenses, with five new digital-only banks launched in the past year.
Traditional banks are responding with digital transformation initiatives, with the top five banks allocating an average of 15% of operational budgets to technology investments this year—double the amount from 2023.
The ultimate winners may be Indonesian consumers, who now enjoy more financial options, lower fees, and improved access to credit and investment opportunities.
For more information: Phone: +62 21 5799 8989 Email: info@prospaceindonesia.com Follow @prospace.indonesia on Instagram for updates