Reading the Startup Direction of Rural Bank Acquisition (Part I)
Despite having limited business space, the digitalization of Rural Banks has the potential to be promising for startups
It seems quite dubious if young people today know BPR aka Rural Bank. They are now more familiar with the term digital bank because they are milling about on various digital platforms that they use every day. On average, this digital bank offers an easy process that is completely in the hands of the customer as a selling point.
However, this assumption was refuted by a mini survey that was held DailySocial through social media platforms. As many as 90% of respondents answered correctly that BPR stands for. Most are also able to distinguish commercial banks from rural banks, both in terms of scope of operations and business activities. As many as 61% of respondents know that BPRs can only operate in one province.
Furthermore, as many as 66% of respondents were able to correctly answer that the BPR's business activities were distributing business loans and collecting funds in the form of savings. Finally, as many as 68% of respondents were able to answer the difference between commercial banks and rural banks, namely that they are not allowed to conduct business activities in foreign currencies or provide check/giro and insurance services.
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