Indonesia’s financial inclusion growth is targeted by Indonesian President Joko Widodo to reach a growth rate of up to 75% by the end of 2019. Entering 2019, of course, fintech industry players are increasingly demanded to help the government in realizing these ideals. The Fintech Indonesia Association as a gathering place for all companies engaged in the fintech industry held a discussion entitled “Financial Inclusion to Accelerate Development in Indonesia” on Tuesday, January 29, 2019 at 14.00 – 16.30 WIB. The event, which was held at UnionSPACE Satrio Tower Building 16th Floor, South Jakarta, was attended by more than 100 attendees consisting of AFTECH members, the media and the general public.
In this discussion, Eddy Tju (CEO of Faspay) together with Johnny Widodo (Director of OVO) and Heinrich Vincent (CEO of Bizhare) shared information about how Faspay, OVO and Bizhare shared information about how the three companies provided tangible support to MSME actors in Indonesia for Indonesia. can realize financial inclusion. Of course Faspay as a payment gateway service provider (Payment Gateway) strives to be able to help MSMEs to receive payments online so that they can help the growth of MSME businesses throughout Indonesia. According to Eddy Tju, Faspay as a Payment Gateway provides easy access for SMEs to connect their business with Faspay services.
Aside from having a Bank Indonesia license and security certification for online payment services, Faspay also actively carries out the “KYM” process, namely Know Your Merchant, which is a screening process when conducting a merchant acquisition process. In this process, the Faspay team will check the validity of the business whether it is a legal entity such as a CV or a PT or for individual business owners. Through this process, Faspay seeks to reduce the level of online fraud.
In addition, two other speakers also shared similar points about how OVO and Bizhare continue to strive to realize the ideals of financial inclusion in Indonesia. One way to make this happen is in the form of collaboration with fellow fintech players so that fintech actors are not only busy to acquire users or users but can also collaborate and create fintech products that can benefit the community.