{"id":1171,"date":"2021-08-05T03:45:42","date_gmt":"2021-08-05T03:45:42","guid":{"rendered":"https:\/\/www.sagaratechnology.com\/blog\/?p=1171"},"modified":"2021-11-16T04:13:11","modified_gmt":"2021-11-16T04:13:11","slug":"fintech-services-and-regulations-in-indonesia","status":"publish","type":"post","link":"https:\/\/sagaratechnology.com\/blog\/fintech-services-and-regulations-in-indonesia\/","title":{"rendered":"Fintech Services and Regulations in Indonesia"},"content":{"rendered":"\n<p>Fintech services, even for people who already have access to banking, fintech still provides convenience. It is easier for people to make financial transactions. Financial transactions that were originally made with cash or using a debit or credit card, can now be done by tapping the QR Code using a smartphone. Payment transactions, money transfers, fundraising, loans to investment management can also be done easily and practically using technology.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69ff51399b5f5\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69ff51399b5f5\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/sagaratechnology.com\/blog\/fintech-services-and-regulations-in-indonesia\/#What_is_Fintech\" >What is Fintech?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/sagaratechnology.com\/blog\/fintech-services-and-regulations-in-indonesia\/#Types_of_Fintech_Services\" >Types of Fintech Services<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/sagaratechnology.com\/blog\/fintech-services-and-regulations-in-indonesia\/#Regulation_in_Indonesia\" >Regulation in Indonesia<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Fintech\"><\/span>What is Fintech?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><a href=\"https:\/\/sagaratechnology.com\/en\" target=\"_blank\" rel=\"noreferrer noopener\">Fintech or financial technology<\/a> is synonymous with start-ups that use information technology in providing financial services. To get a better picture, you should know what services a fintech provides.<\/p>\n\n\n\n<p>Bank Indonesia divides the classification of fintech types into four types based on the services provided. These are:<\/p>\n\n\n\n<p>a. Peer-to-peer (P2P) lending and crowdfunding<\/p>\n\n\n\n<p>b. Payment, clearing, and settlement<\/p>\n\n\n\n<p>c. Risk and investment management<\/p>\n\n\n\n<p>d. Market aggregator<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Types_of_Fintech_Services\"><\/span>Types of Fintech Services<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul><li>Peer-to-peer (P2P) lending and crowdfunding<br>The first platform is P2P lending and crowdfunding. This one platform brings together those who need funds with those who are willing to provide funds. If P2P lending brings together parties who want to seek loans with people who want to invest. While crowdfunding is more social in nature.<\/li><li>Payment, clearing, and settlement<br>The most used platform from this category is the fintech payment platform. You must be familiar with using electronic money such as Doku and Dana. The two platforms are included in the category of payment, clearing, and settlement.<\/li><li>Risk and investment management<br>Examples of fintech platforms in this category are Investree and Bareksa. Through this category of fintech, you can manage your personal finances, manage risk from planning practically. You only need to install an application that you can access from your smartphone and then fill in the requested data regarding financial management.<\/li><li>Market aggregator<br>Examples are financer or arranger. Fintech in the market aggregator category is a fintech that collects financial-related information to be conveyed to its users. This information varies, it can be about general tips for managing, investing, to credit card information.<\/li><\/ul>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Regulation_in_Indonesia\"><\/span>Regulation in Indonesia<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In Indonesia, fintech is growing rapidly. If you want to use it to support your business, or even want to create your own fintech company, it\u2019s a good idea to check the regulations in Indonesia. This regulation is issued by the Otoritas Jasa Keuangan (OJK). Some of the relevant regulations are as follows:<\/p>\n\n\n\n<p>OJK Regulation Number 13\/POJK.02\/2018 concerning <a href=\"https:\/\/www.youtube.com\/watch?v=MHr61r3-sH4\" target=\"_blank\" rel=\"noreferrer noopener\">Digital Financial Innovation<\/a> in the Financial Services Sector,<br>OJK Regulation Number 35\/POJK.05\/2018, which is concerning the Business Implementation of Financing Companies,<br>OJK Regulation Number 37\/POJK.04\/2018 concerning Crowdfunding Services Through Information Technology-Based Stock Offerings (Equity Crowdfunding).<\/p>\n\n\n\n<p>By taking into account the applicable regulations or legal basis, both fintech companies and users are guaranteed more secure and comfortable in financial transactions.<a href=\"https:\/\/www.sagaratechnology.com\/blog\/\" target=\"_blank\" rel=\"noreferrer noopener\"> <em>More Here<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fintech services, even for people who already have access to banking, fintech still provides convenience. It is easier for people to make financial transactions. Financial transactions that were originally made with cash or using a debit or credit card, can now be done by tapping the QR Code using a smartphone. Payment transactions, money transfers,&#8230;<\/p>\n","protected":false},"author":14,"featured_media":1101,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[123,109,128,124],"tags":[112,98,33],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fintech Services and Regulations in Indonesia - Sagara Asia Blog<\/title>\n<meta name=\"description\" content=\"Fintech or financial technology is synonymous with start-ups that use information technology in providing financial services.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sagaratechnology.com\/blog\/fintech-services-and-regulations-in-indonesia\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Fintech Services and Regulations in Indonesia - 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