Types of Fintech in Indonesia

Types Of Fintech In Indonesia

Pinjamanonline.redaksikerja.com Types of Fintech in Indonesia – As one of the investment innovations currently in high demand from the public for its facility, the presence of fintech in Indonesia clearly has a very significant impact on the economic life of the community. Technology applied to fintech services not only makes users more efficient, but also some of the following:

Accelerating the Country’s Financial Inclusion

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

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

Ease of use of Financial Services at low cost

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

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

Just by providing an ID card and providing brief information, you can easily carry out 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 go to the nearest bank or ATM first? If yes, then you don’t have to worry because you can set up automatic payment. Thus, existing accounts will not be forgotten. This unique benefit can be enjoyed not only by individuals but also by business people.

For the general public, automated and instant fintech services are well-received as they minimize the risk of paying late fines for forgetting.

As for businesses, product providers and other services, this payment facility can help business operations faster and easier.

Easy access to capital with low interest

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

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

Living standards are rising

Easy, fast and secure access can spur financial and market development across Indonesia. If people can use it wisely, the presence of fintech in the lives of Indonesians could improve the standard of living in general.

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Types of Fintech in Indonesia

With more than 100 fintechs registered with OJK, the presence of this 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:

Collaborative funding

Have you ever seen a donation ad on KitaBisa.com’s social media? if yes, then this fundraising is one of the fintech service models that are popular in several countries including Indonesia.

Startup KitaBisa was designed with a crowdfunding model to facilitate the dissemination of kindness through donations, without having to go to your destination.

Crowdfunding allows anyone who has a social initiative or program to immediately realize their goals. In addition to natural disasters or social activities, crowdfunding was also used as a fundraiser to build the R80 aircraft designed by BJ Habibie.


Remember 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 living standards and meet everyday needs.

The lower middle class often lacks 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 managed to become a bridge and directly distribute the necessary resources to potential borrowers.

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

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digital payment system

Digital payment system is a fintech service capable of helping its users to 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 it focuses on becoming agents in different regions of Indonesia. Their services have even reached areas that do not have access to banks.


The amount of financial products and investment options can leave a person confused when choosing the right product with financial conditions. But with this fintech service, you no longer have to be confused to get the ideal product to suit your needs.

The e-aggregator allows its users to compare a wide variety of financial products and helps to make proper financial planning. In addition, this service can also find interesting investment information like 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 entire process of borrowing money takes a lot of time with the many documents required, P2P lending actually facilitates access to borrowed funds with simpler and more competitive interest.

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