In the industrial era, volume 4.0 is almost entirely digital, not least with the financial world. A variety of technologies have been applied in the concept, the most current is certainly the concept of technological finance (fintech).
The opportunity is huge and it can be seen from the progress of the homeland startup world that facilitates human work. It is not surprising that fintech has a huge role in increasing Indonesia's Gross Domestic Product (GDP).
According to the Financial Services Authority (OJK), there are 66 fintech services currently registered. Certainly many others have not registered or are in the verification process. Figures that enter the pocket of GDP reach 26 trillion. Some sectors are the biggest contributors, ranging from financial services, trade, insurance, banking, corporate services, and others.
Not only that, Fintech is able to absorb more labor. At least 143 thousand were absorbed in a number of fintech centers. That value could increase, considering that it was only the first and second quarter of this year.
Why can fintech be very profitable?
At this time, a fast transaction and payment process is needed. This concept is considered to be able to facilitate the process of the digital industry world. Not only that, the concept is transparent and certainly only requires user devices.
In addition, the number of internet penetration in Indonesia continues to increase from year to year. And even predicted the value would be greater in the following year. It is not impossible to become the largest GDP. And fintech homeland is the main choice that helps startups and community SMEs. Even they can get bigger profits without having to have pieces and a complicated process. Besides that, a healthy competition and certainly safe.
Fintech in the community and SMEs
In the past we recognized that only banks were able to manage finances. Now the presence of technology and startup seems to open a new gateway in the financial world. You have a role in regulating the investment process, payment, management, and others. It can even be enjoyed by various layers of society and with very little worry.