2015-2016, Indonesian Fintech Actors Grew by 78 Percent

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22/09/2017 18:25 WIB

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Growth of Indonesian Fintech Actors 2006-2016

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Growth of Indonesian Fintech Actors 2006-2016

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Indonesian fintech (financial technology) players grew by 78 percent between 2015 and 2016. The rapid development of digital technology significantly impacted the growth of the fintech sector in Indonesia during this period.

According to data from the Indonesian Fintech Association (Aftech) in the *DailySocial* report titled "Fintech Report 2016," the number of registered local financial technology players reached approximately 135-140 by November 2016. Meanwhile, those who registered and became full members totaled 55 players, comprising 41 fintech 3.0 players and 14 fintech 2.0 players.

Based on their profiles, the majority of local fintech companies operate in the payments sector, accounting for 43 percent. This is followed by the lending sector at 17 percent, aggregators at 13 percent, crowdfunding at 8 percent, and personal finance planning at 8 percent. The remaining 11 percent operate in other sectors.

(Read databoks: Doku, the Most Popular Non-Bank Fintech Service)

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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2015-2016, Indonesian Fintech Actors Grew by 78 Percent

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