Types of Fintech in Indonesia

Types of Fintech in Indonesia
Types of Fintech in Indonesia

Pinjamanonline.redaksikerja.com Types of Fintech in Indonesia – As one of the investment innovations that is currently in high demand by the public due to its ease, the presence of fintech in Indonesia clearly has a very significant impact on the economic life of the community. The technology applied to fintech services not only comes to make users more efficient but also some of the following:

Accelerating the Financial Inclusion of the Country

Inclusion in finance means that anyone can access financial services safely and conveniently. Previously, formal financial institutions in Indonesia had difficulty providing loans to low-income people living in the region.

But with fintech, anyone without exception can access financial services to improve people’s lives. This, of course, has an impact on the growing value of Indonesia’s financial inclusion, which initially only reached 20%.

Ease of use of Financial Services at low cost

As mentioned above, some of the problems causing low financial inclusion in Indonesia are the complexity of the fund disbursement process and other costs charged to users of financial services. In addition to administrative matters, some regions also do not necessarily have various branches.

However, since fintech is present in Indonesia, financial services are no longer time consuming and cost a lot. Armed with an Internet connection, people no longer have to go to the bank and bring various types of documents to obtain financial services.

By simply providing an identity card and providing a little information, you can easily conduct financial activities from home at a relatively low cost.

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Anti-Forgetting Automatic Payment System

Have you ever almost forgotten to pay a bill because you had to take the time to go to the nearest bank or ATM first? If yes, you don’t need to worry because you can set up automatic payment. Therefore, existing invoices will not be forgotten. This benefit can not only be enjoyed by individuals, but also by business people.

For the general public, automated and instant fintech services are welcomed because they minimize the risk of paying penalties for forgetfulness.

As for companies, providers of products and other services, this payment facility can help make company operations faster and easier.

Easy access to low-interest capital

Access to relatively low-interest capital will help the public avoid high-interest illegal loans that sometimes take on a form of threat. Also, if you are a micro-entrepreneur, fintech services can provide a source of capital for your business.

The loan system will generally use conditions that are much simpler and easier with the process of disbursing funds faster than banks. Thus, the funds needed by the community can be used to fulfill economic life.

The standard of living is rising

Easy, fast and secure access can stimulate financial and market development throughout Indonesia. If people can use it wisely, the presence of fintech in the life of Indonesians can improve the standard of living in general.

Types of Fintech in Indonesia

With over 100 fintechs registered with OJK, the presence of this unique service certainly helps solve financial problems in Indonesia. If you are interested in using fintech services, there are 5 types of fintech that you can use as needed, namely:

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Have you seen a donation ad on social media from KitaBisa.com? If yes, such fundraising is one of the fintech service models that are popular in various countries including Indonesia.

Startup KitaBisa is designed with a crowdfunding model to make it easy for people to spread kindness through donations, without having to go to their destination.

Crowdfunding allows anyone who has an initiative or a social program to make their goals come true immediately. In addition to natural disasters or social activities, crowdfunding has also been used to raise funds to build the R80 aircraft designed by BJ Habibie.


Do you remember that fintech is here to increase inclusion in Indonesia? Well, this fintech service is designed to meet the financial needs of the lower middle class to help improve the standard of living and meet daily needs.

The lower middle class often do not have access to financial assistance when it comes to banks, making it even more difficult for them to start raising business capital.

However, since the existence of microfinance, fintech services have been able to become a bridge and directly distribute the necessary funds to potential borrowers.

The solutions presented are designed so that potential borrowers can obtain capital with competitive returns. One startup using a microfinance system is Amartha, which can connect lower-middle-class entrepreneurs in rural areas with owners of capital.

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digital payment system

The digital payment system is a fintech service that can help its users make all kinds of payments, such as credit bills, electricity, credit cards, postpaid, PLN electricity tokens and more.

Payfazz is one of the fintechs that uses a digital payment system model where they focus on becoming agents in various regions of Indonesia. Their services have even reached areas that do not have access to banks.

electronic aggregator

The number of financial products and investment options can confuse a person about choosing the right product with the financial terms. But with this fintech service, you no longer need to get confused to get the ideal product to meet your needs.

The electronic aggregator allows its users to compare a wide variety of financial products and helps to carry out proper financial planning. In addition, in this service you can also find interesting information on both investment and future savings.

P2P loans

Peer to peer Lending is best known as a fintech service that serves as a lending service. If in conventional banks the whole process of lending money takes a lot of time with the large number of necessary documents, P2P loans actually provide easy access to loan funds with simpler and more competitive interest.

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