Assessing the dynamics of fintech in Indonesia

  • Received August 16, 2018;
    Accepted November 28, 2018;
    Published December 8, 2018
  • Author(s)
  • DOI
  • Article Info
    Volume 15 2018, Issue #4, pp. 296-303
  • Cited by
    14 articles

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This work is licensed under a Creative Commons Attribution 4.0 International License

Financial technology or commonly known as fintech is relatively a new thing in Indonesia. This article is attempting to capture the dynamics of such technology in Indonesia. This paper was aimed to help researchers and academics who are interested in studying the phenomenon of fintech more broadly. This study is descriptive and exploratory by nature. Data were gathered from secondary sources, as well as interviews with practitioners, policy makers, and users. Data were collected during the period from 2016 to 2018, which was divided into several different stages. The results of the study show that fintech is more than just a phenomenon, it cannot be compared to other start-ups, and has the potential to fundamentally change the business and economic landscape.

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    • Figure 1. Digital infrastructure map of Indonesia
    • Table 1. Business process
    • Table 2. Fintech transactions in Indonesia