Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
FINTECH UPRISING IN INDONESIA
2016
FINTECH UPRISING IN INDONESIA 2016
This is only preview report of
To get our full report please send request to our email
...
A. FINTECH OVERVIEW IN INDONESIA
• In Indonesia, penetration of Bank Account
Ownership only 36%. Even among those who have...
B. FINTECH SUPPORTING INSTITUTION
A new regulator was introduced in December 2013, called the Otoritas Jasa
Keuangan (OJK)...
3. INTERNET AND DEVICE USER
The rapid growth of the middle class is
generally a phenomenon in developing
countries. The gr...
3. INTERNET AND DEVICE USER
Internet Penetration di Indonesia
34.1%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
20...
4. FINANCIAL SERVICES SECTOR
• Sektor Jasa Keuangan (SJK) Indonesia is
divided into three major groups, Banking,
Capital M...
A. FINTECH SECTOR
8
In this report we will cover some important players within each categories that
impacted on the shapin...
1. CREDIT & INSURANCE
9FINTECH UPRISING IN INDONESIA
FinTech in Indonesia dominating by this sector, in 2014 only 36% of p...
2. LOAN
10FINTECH UPRISING IN INDONESIA
Loan startup just gain popularity in recent years, it’s offer more transparent and...
B. FINTECH DISTRUPTION
11FINTECH UPRISING IN INDONESIA
SMEs in the ASEAN region still rely
solely on their owners’ private...
C. FINTECH INVESTMENT
12FINTECH UPRISING IN INDONESIA
Startup Report in 2015 mention
about the investment growth of
FinTec...
E. FINTECH LANDSCAPE
13
WebMobile Loan
FINTECH UPRISING IN INDONESIA
Financial
Management
Credit & Insurance POS Payment &...
ABOUT SDI LAB
SDI Lab stands for Startup Digital Innovation Lab. We dedicated ourselves to
provide market insight and anal...
FINTECH UPRISING IN INDONESIA
2016
The copyright of this report belongs to SDI Lab. The results (analyzing, wording, data,...
Upcoming SlideShare
Loading in …5
×

Fintech Uprising in Indonesia 2016 Preview

2,993 views

Published on

Fintech is gaining popularity recently, a great number of Fintech startups are emerging nowadays. Fintech has huge potential in Indonesia as it provides solutions which are not offered by conventional banking institutions. New model of payment and investment option become more familiar through online financial service. Fintech in Indonesia does not spared from government regulation, to make sure financial products that startup's offered are not harmful toward society, OJK as the policy holder will soon pass a law to regulate the growing fintech startup in Indonesia. All information about fintech startup, available sectors, and forecast growth will be available in this report.

Published in: Data & Analytics

Fintech Uprising in Indonesia 2016 Preview

  1. 1. FINTECH UPRISING IN INDONESIA 2016
  2. 2. FINTECH UPRISING IN INDONESIA 2016 This is only preview report of To get our full report please send request to our email research@sdilab.id or contact us on +6221 29022227
  3. 3. A. FINTECH OVERVIEW IN INDONESIA • In Indonesia, penetration of Bank Account Ownership only 36%. Even among those who have bank accounts, only nine percent (9%) use online banking & mobile banking and a sparse six percent (6%) have credit cards. This means that cash is still the main payment method for Indonesia. • Otoritas Jasa Keuangan (OJK) together with Kamar Dagang Indonesia (KADIN), FinTech Association and Bank Indonesia, preparing regulation for FinTech Startup hopefully to finished by the end of 2016. • Around 71 FinTech already running in Indonesia according OJK report, but only 27 startup registered. 3FINTECH UPRISING IN INDONESIA 96% 78% 53% 36% 31% 62% 54% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Malaysia Thailand India Indonesia Vietnam World Developing Countries Source : CIMB-Principal Asset Management, Weekly Indo Perspective
  4. 4. B. FINTECH SUPPORTING INSTITUTION A new regulator was introduced in December 2013, called the Otoritas Jasa Keuangan (OJK). OJK was formed to complement Bank Indonesia, the central bank, with a focus on additional areas such as FinTech. With the formation of OJK, segments such as digital wallets and P2P payments are garnering more support and attention. 4FINTECH UPRISING IN INDONESIA FinTech was launched as a collaboration between FinTech startups and banking corporations in the country. The aim is to provide a platform for players and stakeholders (financial and non-financial) within the FinTech space, to facilitate constructive and inclusive discussions and strengthen the FinTech ecosystem in the otherwise fragmented nation. Bareksa.com, CekAja.com, DOKU, Kartuku, m-saku and Veritrans registered as startup company who initiate Indonesian FinTech Association In September 2015. Chamber of Commerce and Industry or Kamar Dagang Indonesia (Kadin) is organization for businessman and entrepreneur. They have role to help mentorship and sharing knowledge among people within organization. Kadin also supporting FinTech to help increase efficiency on business process in Indonesia. They took part as commission team for planning FinTech regulation together with OJK and FinTech Indonesia Association.
  5. 5. 3. INTERNET AND DEVICE USER The rapid growth of the middle class is generally a phenomenon in developing countries. The growth of the middle class is driven by a good education, high employment opportunities, and good purchasing power so that their consumption activity is also good. The average middle class in Indonesia express themselves through their consumption activities, especially in tech products. From the graph in addition, in 2018 predicted that smartphone users will increase by 103 million people and by 2013 are likely to increase. 27.4 38.3 52.2 69.4 86.6 103 0 20 40 60 80 100 120 2013 2014 2015 2016 2017 2018 Million Years Monthly Active Smartphone Users in Indonesia Indonesia’s population is entering the middle-class and affluent consumer (MAC) Source : id.techinasia.com FINTECH UPRISING IN INDONESIA 5
  6. 6. 3. INTERNET AND DEVICE USER Internet Penetration di Indonesia 34.1% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 2010 2011 2012 2013 2014 2015 2016 PenetrationPercentage Years Indonesia Internet Penetration If we look at data trends in the chart on the right, it can be concluded that from 2010 to 2016, internet penetration in Indonesia tend to rise. This possibility also caused by the increase in the number of smartphone users that have an impact on the level of Internet usage has also increased. Source : APJII, We Are Social, Techinasia FINTECH UPRISING IN INDONESIA 6
  7. 7. 4. FINANCIAL SERVICES SECTOR • Sektor Jasa Keuangan (SJK) Indonesia is divided into three major groups, Banking, Capital Markets and Industri Keuangan Non- Bank (IKNB) • Composition of assets Financial Services Sector in Indonesia is 74% of the banks. 10% Insurance and the remaining 16% is more IKNB • To boost IKNB asset required an innovation. One of them with the product digitalization IKNB. The consideration is the increasing number of Indonesian population, the growing number of MAC Indonesia, the increasing number of smartphone users in Indonesia and also increasing Internet penetration in Indonesia. Source : OJK, Komposisi Aset Sektor Jasa Keuangan Indonesia 2014 Banking 74% Insurance 10% Financing Company 6% Mutual Fund 5% Pension Fund 2% Stock/ Securities company 1% Others IKNB 2% FINTECH UPRISING IN INDONESIA 7
  8. 8. A. FINTECH SECTOR 8 In this report we will cover some important players within each categories that impacted on the shaping the FinTech ecosystem in Indonesia. We will break down into several part of each sector covered by FinTech startup: 1. Credit & Insurance 2. Loan 3. P2P Lending 4. Investment 5. Crowdfunding 6. Financial Management 7. POS 8. Payment & Transfer 9. Upcoming FinTech Startup 10. Corporate Mobile Payment FINTECH UPRISING IN INDONESIA
  9. 9. 1. CREDIT & INSURANCE 9FINTECH UPRISING IN INDONESIA FinTech in Indonesia dominating by this sector, in 2014 only 36% of people connected to the formal financial institution. While bank trying to educate people with their financial product, comparison site born to bridge the gap. Delivering the information of banking financial instrument simultaneously educate them how it works and the benefit for each publisher of credit card, loan, investment and insurance. CekAja.com is most completed financial and insurance comparison portal in Indonesia with hundred of credit cards, deposits and loans from thousand trusted banks. Comparing Credit Card and Financial product from thousand banks at Cermati.com. Cermati helps you to save time and money Compare and register online for applying credit card, home loans, personal loans & deposits in Indonesia. Application process through Aturduit.com DuitPintar is site for trusted credit and loans, place for comparing complete financial product in Indonesia. Check simulation from online calculator.
  10. 10. 2. LOAN 10FINTECH UPRISING IN INDONESIA Loan startup just gain popularity in recent years, it’s offer more transparent and easy applying compared to conventional bank loan. However the interest rate possibly higher than the bank interest. Some people worried it could be another form of shark loan, but we believe startup in this sector has important role to fill the gap the need of quick loan comparing to the bank requirement which it takes longer process and more difficult to fulfill for some people. Pinjam Indonesia is an technology startup who provide financial service by developing digital platform to help customer solving their need on quick funding. UangTeman is first online short-term micro lending in Indonesia. UangTeman provides short-term micro lending loan without premise, without collateral, without cuts and without penalty Taralite started from a dream to liberate Indonesian people from financial concerns. Today, a lot of needs in various phases of life that is very burdensome financially. They provide the loan solution. Ruma launched Mapan, essentially a digital arisan platform that allows users to purchase big-ticket items and manage groups payments. Ruma helps low income communities to gain more benefit through technology.
  11. 11. B. FINTECH DISTRUPTION 11FINTECH UPRISING IN INDONESIA SMEs in the ASEAN region still rely solely on their owners’ private funds and savings. Indonesia itself rely on internal funds rather than applying for Bank Loans. Comparing to other ASEAN countries, This figure indicate Indonesian people still avoid dealing with bank and Indonesian people also tend to have less intention to invest their money at bank. People trust rate on banking system still low, however it could be great chance for FinTech startup to have mutual benefit with the bank or offer alternative investment option for consumer. Source : SME Sources of Funding – Deloitte
  12. 12. C. FINTECH INVESTMENT 12FINTECH UPRISING IN INDONESIA Startup Report in 2015 mention about the investment growth of FinTech will be next big thing with 11% from startup investment value. We indicate there will be higher growth by next year and more sector of FinTech will be expand following current FinTech trend in ASEAN countries. Source : DS Tech Startup Report 2015
  13. 13. E. FINTECH LANDSCAPE 13 WebMobile Loan FINTECH UPRISING IN INDONESIA Financial Management Credit & Insurance POS Payment & TransferInvestment P2P Lending Crowdfunding
  14. 14. ABOUT SDI LAB SDI Lab stands for Startup Digital Innovation Lab. We dedicated ourselves to provide market insight and analysis for the growth of startup ecosystem in Indonesia. Our research in digital industry can be a main reference for new startups, competitor or VC to look up new opportunity and decision making for the company. We create comprehensive report to deliver deeper and meaningful information for stakeholders of startup and investors to understand well about current trend and Indonesian market landscape. 14FINTECH UPRISING IN INDONESIA
  15. 15. FINTECH UPRISING IN INDONESIA 2016 The copyright of this report belongs to SDI Lab. The results (analyzing, wording, data, tables and graphs) of this survey can be publicly used, but must be cited and sourced from SDI lab also add our slideshare url or our website url www.sdilab.id Any question email us to research@sdilab.id fb.com/sdilab.id @sdi_lab slideshare.net/SDILab

×