Fintech Industry Raises People's Economy

INDUSTRY.co.id - There are now about 140 startup fintech players, recorded at the end of 2016, 43 percent of which are in the payments and peer-to-peer lending sectors.

Fintech market is increasingly a prospect. Just look at Indef's data, which calls Fintech Indonesia's transaction in 2017, is estimated to reach US $ 18.6 billion or equivalent to Rp 247.65 trillion.

According to statistics, Fintech Indonesia transactions will reach US $ 37.15 billion or equivalent to Rp 494 trillion in 2021.

Total financing needs in Indonesia amounted to Rp 1.65 trillion. While that can be disbursed by banks only Rp 660 trillion.

So there is still a financing shortfall of Rp 990 trillion can be provided by fintech.

Currently there are 11 million small and medium micro enterprises (MSMEs) that are bankable (get bank financing).

While still stuck 49 million SMEs are still unbankable (can not get financing from banking).

The large number of SMEs that have not been touched by the banking and geographic and archipelago-shaped areas make the potential of Indonesia's fintech will still grow.

Known, so far most of the business capital or MSME loans derived from personal capital or relatives due to constraints to access banking funds.

Tetu is very unfortunate if the young perpetrators of SMEs can not realize his dreams, just because of constraints accessing funds for capital or business development.

The presence of fintech as an alternative funding solution to obtain business capital at a lower cost and of course
a simpler process by bringing together online funders and borrowers.

However, behind all promising prospects, the fintech industrial road is still pebbly, Indonesia does not currently have regulations that specifically regulate peer-to-peer loans.

Currently, 22 fintech has been registered and licensed by the Financial Services Authority (OJK), but only eight have reported their transaction to OJK for Rp1 trillion.

So far for the number of customers who received their own loans have penetrated the number 200,000 people with the largest concentration of Java island.

Want to know more about the phenomenon of the national fintech industry, BACA Industry Magazine November 2017 edition "FINTECH INDUSTRY RISK ECONOMIC PEOPLE".

See also excerpts of the results of a special interview with CEO Blanja.com "Concept Market Place Blanja.com offer a complete ecosystem".

Also read the narrative of Boss CenterPark "Ancang Square Became Parking Manager No. 1 in Indonesia".

Get also other update issues from industry sector share in Indonesia.

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