Middle East crypto exchange Fasset Technologies Ltd. is collaborating with global payments technology company Mastercard to expand its financial reach in Indonesia.

See related article: Crypto exchange Fasset expands to Southeast Asia

Fast facts

• The announcement comes after Fasset said it raised US$22 million in series A funding.

• According to a survey, 41% of Indonesians own crypto, a funding attraction for digital asset projects, a Fasset press release said.

• However, over 92 million people remain unbanked in Indonesia, making it a sizable market for financial inclusion, the release said.

• By working with Mastercard, Fasset hopes to provide access to financial and digital tools that may help close the digital divide, it said.

See related article: Mastercard partners with Australia’s BTC Markets for payment options