NetSol Technologies, a global provider of enterprise application solutions and business services to the finance and leasing industry, became a member of Asosiasi Perusahaan Pembiayaan Indonesia (APPI). APPI is Indonesia’s financial services association and the country’s foremost body in the finance and leasing industry.

NetSol entered the Indonesian market in September of 2015. In the same year, the company signed an NFS AscentTM deal worth more than $15 million with a major Japanese financial institution operating in Indonesia, which is currently under implementation. Indonesia is classified as one of the emerging market economies of the world and is amongst the largest economies of Southeast Asia. As a member of the G-20 major economies, it is categorized as a newly industrialized country. Indonesia has a rapidly growing finance and leasing industry propelled by the general growth of the economy, strong foreign direct investment and a high demand for transportation and infrastructural development. As the country industrializes in the years to come, finance and leasing activity is expected to expand and with it associated industries and sectors.

APPI is the principal financial services association in Indonesia. There are more than 180 finance and leasing companies in Indonesia and APPI is the chief portal to any company looking to enter the market. NetSol has already delivered two keynotes at APPI hosted events.

“Indonesia is proving to be a very receptive country in terms of finance and leasing technology and we are the largest and most advanced player in the Asia Pacific region in that domain,” said Najeeb Ghauri, Founder, chairman and CEO of NetSol. “Our experience and expertise are paying off in the country and further strengthening our foothold in the region.”