The Personal Payday industry based on Peer to Peer Lending (P2P Lending) is increasingly packing me up, It was noted that credit through Personal Payday reached more than IDR 5 trillion.

This fund has been channeled through P2P Personal Payday credit.

Personal Payday Distributes Loans of Up to IDR 5 Trillion

Personal Payday Distributes Loans of Up to IDR 5 Trillion

As of April 2018, the number of loans channeled by Personal Payday based on Peer to Peer Lending (P2P) has exceeded the IDR 5 trillion figure. The amount of loan-based Personal Payday distribution is increasingly in the public interest.

Hedrikus Passagi as Director of Regulations for Licensing and Supervision of Personal Payday, the Financial Services Authority (OJK), said that every month the value of financing channeled continues to increase.

The amount of credit disbursement comes from 47 Personal Payday that have been registered with OJK. While the remaining 5 Personal Payday had not had time to give their loan distribution report to the FSA.

“Financing up to April has reached IDR 5 trillion, an increase from the first quarter of around IDR 4.7 trillion. The accumulated distribution continues to increase if the percentage is calculated from month to month. ”

He explained that the distribution was estimated to come from 2 million borrowers throughout Indonesia.

The number rose significantly or a thousand-fold increase compared to when Personal Payday had just developed, when it was only accessible by 20,000 borrowers.

“The beginning of the Personal Payday stand was only about 20,000 people and now it has reached 2 million, there are already many. And that does not include micro, small and medium businesses that trade in e-commerce such as Tokopedia, Bukalapak and others. ”

Meanwhile, the rise of the digital economy through the birth of startup businesses is considered to have helped save the investment trend in Indonesia.

Good Finance: Foreign Investment Will Decrease Without a Digital Economy

Good Finance: Foreign Investment Will Decrease Without a Digital Economy

In addition to Personal Payday, other startup businesses are very influential on the Indonesian economy. Not surprisingly, since 2016 until now, startup businesses have emerged.

At least there are four unicorn companies from Indonesia. Unicorn company is a startup that has a valuation above US $ 1 billion.

Head of the Investment Coordinating Board (BKPM) Good Finance said, in the past four years, the economy in Indonesia has been saved by the digital economy ( startup ) as the second sector and its main sector, nickel smelter which makes Indonesia the world’s number three producer and exporter of stainless steel .

“Indonesia’s investment in the past four years was saved by two main sectors. The first nickel smelter that is able to make Indonesia the number three producer and exporter of stainless steel in the world. The second sector is digital economy investment. ”

Good Finance stressed that without a digital economy

Good Finance stressed that without a digital economy

Good Finance stressed that without a digital economy and a smelter, investment from abroad would decrease. So that in the future, it will encourage investment in the smelter and digital economy.

Thomas continued, this year is becoming more special because there are several big events that can expose Indonesia in the eyes of the world. There are Asian Games, World Bank Meetings in October, until Nexticorn is in progress.

For information, the Nexticorn International Summit 2018 was attended by 98 investors from 67 Ventura Financing Companies. Also followed by at least 70 startups trying to find funding.

The event will also be attended by four Unicorn CEOs, namely Nadiem Makarim, CEO of Go-Jek; Ferry Unardi, CEO of Traveloka; William Tanuwijaya, CEO of Tokopedia; and Achmad Zaky, CEO of Bukalapak.

Together they opened the doors of potential startup interactions to global investors. They will act as the Official Gate Opener of Indonesia Digital Paradise .

Until 08.00 WITA there were 823 scheduled meetings between investors and startups .