DailySocial Report: Development of Financial Technology Services (Fintech) Indonesia 2017

At the end of 2017, DailySocial.id in collaboration with the Indonesian Fintech Association (AFTECH) and JAKPAT Mobile Survey Platform, again presented a report on the condition of the Indonesian Financial Technology Industry (Fintech). As an update on the development of the 2016 Fintech Report, this 2017 Fintech Report compares some of the changes and dynamics of digital mobile Internet-based financial technology in Indonesia.

Some of the focus of this report include market dynamics Indonesian Fintech (including the growth in the number of startups/Fintech players), the development of laws and regulations and regulations by BI & OJK, the understanding of the Indonesian consumer community towards Fintech services, as well as the development of investment by funders towards Fintech startups.

Some of the findings that we present in this report include:

• The growth in the number of fintech startups is starting to slow down. This is shown that the percentage of growth in 2016 was 78%, while in 2017 it decreased to 39%.
• Indonesian consumers are increasingly familiar with the term fintech. This is shown by survey responses, that in 2017 67.20% of respondents had heard the term fintech, compared to 2016 only 28.34% of respondents.
• Among the various fintech companies we tracked, the largest segment was included in the Online Lending sub-category (including P2P-Lending), which was 26.2%.

For the full report, please download Fintech Report 2017 for free.