The Development of Fintech in Indonesia

Abstract

This study aims to determine the development of financial technology (Fintech) in Indonesia.The research method used is descriptive analysis using quantitative.The data collected is secondary data by the Financial Services Authority (OJK) fintech data.The results showed that there was a high development of financial technology in Indonesia for 18 months (January 2018 -August 2019).The development of fintech in Indonesia shows the progress of financial technology innovation in Indonesia which is very helpful to the community, while the public's interest to use fintech is large given the high number of borrowers over the past year.The community is so familiar with the benefits and use of fintech because the use of fintech is more efficient and effective compared to other financial services so that people are motivated to use fintech.

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