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Jakarta Post

Fintech firms assist government, banks with COVID-19 public services

  • Dzulfiqar Fathur Rahman


Jakarta   /   Thu, September 24 2020   /  01:00 am
(Clockwise, from upper left) PwC Indonesia advisor Ravi Ivaturi, OVO VP of Lending Services Natasha Ardiani, The Jakarta Post Journalist Eisya A. Eloksari, Interpreter Hikmat Gumilar, Bank BTPN Deputy President Director Darmadi Sutanto and The Jakarta Post Journalist Apriza Pinandita pose for a picture after Jakpost Fintech Fest online discussion on Wednesday, Sept. 23, 2020, themed Fintech's role in Indonesia's economic future.(JP/-)

Financial technology (fintech) firms are cooperating with banks and other companies to provide public services, including by helping disburse the government’s COVID-19 relief package, says an association leader. Adrian Gunadi, chairman of the Indonesian Fintech Lenders Association (AFPI), said on Wednesday that peer-to-peer (P2P) lending provider Investree had received an allocation from state-owned Bank Mandiri to disburse national economic recovery funds to several small business customers. “That is one way we could see fintech playing a very big role, especially when everything is going digital because of the pandemic,” Adrian said at Jakpost Fintech Fest, a virtual discussion held by The Jakarta Post. “The government is moving toward a less-contact economy.” “I think that is where fintech will become more relevant. It has to be p...