The Role of Fintech in Economic Growth in the Tourism Industry

Tourism is one of the industrial sectors in Indonesia that has had significant developments, especially in the last two years. The research was put forward by the Ministry of Tourism on Gross Domestic Product (GDP), starting in 2010 it was recorded at 261,05 trillion, increasing to 461,36 trillion in 2015. For this reason, it is important to maximize support for economic growth that has an impact on the welfare of this community.

Through an event promoted by Kinetic Lab and BNVLabs with a discussion platform Fintech Connect, trying to see the phenomenon of the tourism industry in the current digital era. The discussion also focused on discussing the tourism industry which is becoming an attraction for foreign tourists.

Service fintech facilitate tourist transactions

With the existence of financial technology, it is considered that it will be at the forefront of tourism developers in Indonesia in increasing the productivity of buying and selling or transactions. This sector is the determinant of the increasing growth of the tourism industry today.

Moreover, seeing the very diverse culture and tourist attractions in Indonesia, providing services with fintech through the app on smartphone not difficult anymore. The impact will also increase the dominance of tourists to visit. This trend has actually started with the current shift in society, for example when ordering flight tickets and hotel rooms through OTA (Online Travel Agency).

"Fintech has the potential to encourage the growth of the tourism sector by providing ease of transactions. With fintech Various innovations can be made in payment methods for all tourism travel matters, so that tourists will find it easier and more comfortable to travel. This is what can increase the attractiveness of tourism in Indonesia,” said Director of Business Development and IT of Bank Bukopin Adhi Brahmantya.