How DigiAsia Bios Takes Advantage of Embedded Finance for Inclusive Finance

Indonesia has a population unbanked and underbanked the highest (81%) in Southeast Asia, according to the e-Conomy 2022 report compiled by Google with Temasek, and Bain & Co.. This condition places this country as the first highest in ASEAN, which is then followed by the Philippines (75%) and Vietnam ( 54%).

When translated, this figure shows that it is still difficult for the Indonesian people to gain access to finance. That's why the current homework for all industry players is to increase financial literacy and inclusion. In the context of fintech, solutions embedded finance could be one way to inclusive financial access, as is currently being done by DigiAsia Bios (Digiasia).

This fintech group of companies has four licensed financial products, namely electronic money (KasPro), p2p lending (KreditPro), remittances (RemitPro), and digital financial services (Digibos). All of these services are provided to meet business needs, aka B2B, so it is only natural that the brands above are not familiar to B2C consumers.

"We are not for B2C, rather enablers for B2B [with four licenses]. Meanwhile, we are serving enterprises that already have an audience but need financial products to serve their consumers," said DigiAsia Bios Chief of Digital Ecosystem Integration Joseph Lumban Gaol when met. DailySocial.id.