economy

Astra Financial Talk GIIAS 2024: Enhancing Financial Inclusion Through Digital Products

Digital applications can help in managing personal and business finances more efficiently. Astra Financial, through its various digital products such as Astrapay, Maucash, and Bank Saqu, plays a role in providing solutions to meet the financial needs of the community. This was highlighted at the Astra Financial Talks 2024 event with the theme "Smart Financial Management: Lifestyle and Business with Digital Applications." The company supports the Financial Services Authority (OJK) in increasing financial literacy to 65% and financial inclusion to 93% by 2027. Astra Financial Talks took place at the Main Booth Astra Financial in Hall 7 of the Indonesia Convention Exhibition (ICE), BSD City, Tangerang Regency, Banten. The event was divided into three sessions, with the other two sessions scheduled for Wednesday (24/7) and Thursday (25/7). Present at the first session on Monday (22/7) were Maucash's Chief Marketing Officer (CMO) Indra Suryawan, Bank Saqu's Chief Digital Business Officer Angela Lew Dermawan, and AstraPay's Vice President of Partnership Karnanda Kurniardhi. Indra Suryawan stated, "Through our participation in GIIAS 2024, Maucash is committed to providing financial solutions that can help businesses grow. This is in line with our efforts to increase financial inclusion so that individuals can achieve their financial goals faster, accurately, and safely." As of July 12, 2024, the total number of licensed and supervised peer-to-peer lending fintech companies is 98, including Maucash. The challenge for Maucash and other licensed fintech companies is the presence of hundreds of illegal fintech companies that need to be monitored.

Maucash urges the public to be cautious in using illegal fintech as part of efforts to improve financial literacy. Illegal fintech is characterized by easy requirements, non-transparent loan processes, lack of complaint services, and unclear office addresses. To avoid this, make sure to choose registered fintech with permission from OJK, avoid overly tempting offers, and carefully review all terms and conditions in the loan agreement. By paying attention to these things, Indonesian society can avoid debt traps and harmful practices.

AstraPay provides an app designed with a user-friendly interface, allowing users to manage their finances through practical features such as expense tracking, budget planning, and bill payments. The platform also facilitates everyday transactions including buying credit and paying electricity bills.

"AstraPay is committed to improving financial literacy and inclusion in Indonesian society through easily accessible and understandable service programs. Using AstraPay in daily activities makes it easier to control the flow of money, from paying bills to investing, so people can make wiser financial decisions and achieve their financial goals," said Karnanda Kurniardhi.

Angela Lew Dermawan explained that Bank Saqu is aware of the phenomenon of Indonesians struggling to save money but still spending. This is known as the dissaving phenomenon, where individuals spend more than their income, forcing them to use their savings or borrow money.

"In this regard, Bank Saqu wants to encourage people to manage their finances well. We invite the public to make saving more enjoyable through automatic saving features."

Tag: Astra Financial Astrapay Bank Saqu Digital Products Maucash