While some startups are launching new product and feature, the government of Indonesia has some important announcement for fintech startups

Happening

 

OJK extends P2P lending license application deadline

The Indonesian Financial Services Authority (OJK) announced that it has extended the deadline for P2P lending startups to apply for a license, from the previous deadline of June 29.

In January, the OJK has released a new regulation that obliges P2P lending platforms to register to obtain a license. Following registration, startups will receive a proof of registration.

By today, of all 28 companies who had applied, only three had received their proof of registration: PT Pasar Dana Pinjaman (Danamas), PT Danakita Data Prima, and PT Lunaria Annua Teknologi (KoinWorks).

According to Director of Financing Institute Supervisory Tuahta Aloysius Saragih, the decision was taken considering the high failure rate among startups.

“When the deadline [for registration] has passed and there are still companies who have not received their proof of registration, then we will have a look at it,” he said.

Meanwhile, the Indonesian Fintech Association (AFTECH Indonesia) had called for the government agency to make the registration process “less difficult.”

According to AFTECH Indonesia Director of Public Policy M. Ajisatria Sulaeiman, the requirements for the registration process are deemed “too technical.”

He gave an example of a point that requires startups to provide a proof of transfer for their working capital, with the minimum value IDR1 billion (US$75,000).

Also Read: Happened and Happening in Indonesia (May 15-19), The national payment gateway is on the way

Happened

 

Gadjian launches attendance record app

Human resource management platform Gadjian celebrates its first anniversary with the launch of attendance record app Hadirr.

The cloud-based attendance record system targets companies with employees who are working remotely or companies with branch offices, helping them monitor and manage attendance record through a mobile app.

The Hadirr app is now available on Android, with iOS version in development.

The startup said that its human resource management platform has been used by 150 companies within the past one year.

Airy Rooms secures cash payment partnership with Indomaret

Cash remains the most popular means of transaction in Indonesia, thanks to low penetration of credit card and bank account ownership. To answer this need, budget hotel booking platform Airy Room set up a partnership with local minimarket chain Indomaret.

The partnership will allow users to pay for rooms booked through the platform using cash, credit or debit cards, and other forms of payments.

Grab launches new carpooling service for cars

Following the release of its motorbike-based carpooling service GrabHitch, Grab Indonesia expands the service to include four-wheeled vehicles.

The service will cater daily work commutes within Greater Jakarta Area and inter-city trips such as the Jakarta–Bandung and Surabaya–Malang routes.

The service will compete with Uber’s UberPOOL.

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Image Credit: bugphai / 123RF Stock Photo

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