AsiaCollect announced today the launch of its operations in Jakarta, Indonesia. A pioneer in digital consumer Credit Management Services (CMS) in Southeast Asia, AsiaCollect brings global standards of technological efficiency, professionalism, and ethics to the consumer lending industry in Indonesia.

According to the ‘2018 Collection Complexity Score and Rating’ report by global credit insurance group Euler Hermes, Indonesia ranks among the hardest places in the world to collect debt payments.

Guillermo Martin, AsiaCollect’s global chief sales officer and Indonesia country manager, said, “We see very strong potential in Indonesia where we have estimated close to $15 billion of non-performing consumer loans to be generated in the next five years.”

“AsiaCollect’s digitally advanced online debt management solutions provide a good alternative to the traditional field-based operations we continue to see today. We are driven by global standards of technology, professionalism, and code of ethics, and we are optimistic we can introduce this to, and revolutionalise the collections industry in Indonesia,” added Guillermo.

AsiaCollect launched its first Operations Center in Vietnam in October 2016. Led by an international management team with decades of experience in CMS and consumer finance in emerging markets, AsiaCollect has seen steady growth since its 2016 launch.