"Dream - A startup company operating in the financial technology (fintech) sector, DANA Indonesia, was one of the panelists present at the international event, World Economic Forum (WFE) in Davos, Switzerland. The research titled ‘The Future of Global Fintech: Towards Resilient and Inclusive Growth' was one of the topics discussed at this global forum. Developed by WFE and the Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School, this report is the result of a global survey of more than 200 fintech companies."
The translation of "Topik yang Dibahas" to English is "Topics Discussed".
"One of the highlights of this research is the active participation of the financial technology industry in expanding its financial products and services to segments of society that have not yet been reached."
"CEO & Co-Founder of DANA Indonesia, Vince Iswara stated that this point represents the company's commitment to creating an inclusive payment system and financial services for all Indonesian people. The main focus is primarily directed towards individuals and business actors who do not yet have a bank account."
“After the entry of financial technology, the community (Indonesia) began to experience various conveniences ranging from the comfort of digital transactions to managing their daily expenses. The same ease is also felt by business actors, who are now starting to enter the digital economy ecosystem. With financial technology, they can manage their finances in a short time,” said CEO & Co-Founder of DANA Indonesia, Vince Iswara.
"Although the fintech industry often targets segments in developing countries, the development of the fintech industry in developed countries also has a consumer base that is no less significant."
"According to Vince, the utilization of financial technology has proven to be able to survive and grow strongly in times of uncertainty such as the pandemic up to the present."
"We recorded a growth in DANA transactions of more than 100 percent, followed by an increase in the number of DANA Business partner MSMEs of more than 30 percent compared to last year (YoY)," he stated. In November 2023, the value of Electronic Money (EU) transactions increased by 16.95 percent (YoY) reaching Rp41.30 trillion."
The fintech industry also experienced an average consumer growth of over 50 percent across industry verticals and global regions.
"The high demand from consumers has become the main factor for growth, where more than half of the fintechs participating in the survey (51 percent) mentioned the same reason."
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