Selasa, Oktober 16, 2018

Govt. Prepares Fintech Education for UMKM

The Ministry of Cooperatives and Micro-, Small- and Medium-Scale Enterprises (“Ministry”) is currently preparing materials aimed at the education of micro-, small- and medium-scale enterprises (usaha mikro, kecil dan menengah – “UMKM”) regarding financial technology (“Fintech”).
The flexibility and user-friendly nature of Fintech in comparison with conventional financial institutions mean that these new technologies can be utilized as platforms to increase funding access for UMKM. This is seen as important as UMKM are now playing a major role in the economy and absorb some 60% of the workforce, contributing around 40% of GDP in the process.
However, the first challenge will be to increase general literacy as regards digital financing products. According to the Deputy of Financing at the Ministry, Yuana Sutyowati, many people are currently purchasing digital financial products without even knowing how to use them properly. Therefore, according to Sutyowati, it is imperative that the overall financial literacy of the general public is increased. (ANT)

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*Syarat dan ketentuan berlaku

The Ministry of Cooperatives and Micro-, Small- and Medium-Scale Enterprises (“Ministry”) is currently preparing materials aimed at the education of micro-, small- and medium-scale enterprises (usaha mikro, kecil dan menengah – “UMKM”) regarding financial technology (“Fintech”).
The flexibility and user-friendly nature of Fintech in comparison with conventional financial institutions mean that these new technologies can be utilized as platforms to increase funding access for UMKM. This is seen as important as UMKM are now playing a major role in the economy and absorb some 60% of the workforce, contributing around 40% of GDP in the process.
However, the first challenge will be to increase general literacy as regards digital financing products. According to the Deputy of Financing at the Ministry, Yuana Sutyowati, many people are currently purchasing digital financial products without even knowing how to use them properly. Therefore, according to Sutyowati, it is imperative that the overall financial literacy of the general public is increased. (ANT)

......

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