Insights

AFTECH Supports Strict Action Against Illegal Loan Perpetrators

Pandu – I am excited to welcome the National Fintech Month and Indonesia Fintech Summit 2021 in November – December where the development of digital financial literacy in Indonesia is one of the main topics. These events are the result of collaboration between the National Fintech Association (AFTECH) @fintechid with Bank Indonesia, The Financial Services Authority (OJK) and other stakeholders.

I believe that the presence of fintech services in Indonesia can make a positive contribution to the economy to reach people who have not been touched by banking services (unbankable) which amount to around 75% of the total population of Indonesia, based on Bank Indonesia data.

In addition to focusing on transaction growth, fintech service business actors also have an obligation to improve digital financial literacy so that the benefits can be perceived thoroughly by all levels of society. One of them is about financial management in productive capital so that it can be felt by MSME actors and people who need it most.

I hope that these two big moments can be a place to discuss the development of the fintech industry, as well as become a channel for education for the community. The event is also a manifestation of AFTECH’s participation in promoting national economic recovery.

I would also appreciate the law enforcement efforts carried out by the authorities against illegal online lending (pinjol) actors. This is very important to do in order to create a responsible digital financial innovation ecosystem.

“I believe that the presence of fintech services in Indonesia can make a positive contribution to the economy “