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How to Trick the Conglomerate to Build Wealth from Fintech

What's the love for the wealthy folks of Indonesia in the digital time that relates to business? The answer is they are creating financial technology ( fintech) as the new coffers of business conglomerates.

Djarum Group for example, a Hartono Brothers-owned conglomerate with a lot of money of $ 32.3 billion, through the GDP Business startup investment organization , has a fintech product called Kaspay.

Lippo Group also attempted to jump in to the fintech business . The conglomerate fronted by Mochtar Riady relied on Ovo, an e-wallet servicewhich is under the banner of PT Visionet Internasional. Emtek also attempted his good fortune. The conglomerate that homes Conglomerate Indosiar and SCTV Eddy Kusnadi Sariaatmadja in-may 2017 successfully obtained Doku, the initial e-wallet service that is roofed in Indonesia.

Fintech-fintech in Indonesia is wanting to seize the marketplace, which quoted Statista , well worth $ 21.5 billion in 2018. Though it appears different, but it can't be denied they already have similar strategies. That strategy as that of the Go-Jek Go-Pay increase: Promos and special discounts in the packaging services belonged with their own.

Study from Go-Pay


Go-Jek, a ride-sharing startup founded by Nadiem Makarim, launched an application called "Ceban Towards Ramadan." With only Rp. 10,000, Go-Jek users can go everywhere. The program is prosperous. So successful, the Go-Jek program got a problem. Nadiem Makarim, said the condition happened because "more and more people ordered". However, this program then made Go-Jek explode in to the #1 1 program service in Jakarta.

Within the Ceban Ramadhan program, there are no significant conditions and conditions. This program is merely valid if the bought ride-sharing is only 25 kilometers rather than booked at hurry hour . Cash, can be utilized in this promotional deal.

Following the Ramadhan Ceban program, in-may 2016 Go-Jek launched a 50 percent discount campaign on ride-sharing services . However, there is certainly something different relating to this program. 50 percent discount is given when users use Go-Pay, Go-Jek's fintech, to cover services. Go-Pay is a fintech that is straight inserted in the Go-Jek service. Go-Pay users, of course, will be the installers of the Go-Jek request. Vice versa.

Go-Jek promo strategy is prosperous. Rohini Mohan, in another of her records in middle-2017, called Go-Jek a 900-fold progress. On Dec 20, 2017 , Gojek uncovered that the amount of Go-Pay ventures in Oct 2017 accounted for about thirty percent of the full total electronic money orders, or 31.34 million orders out of a complete of 104.47 million electronic digital money trades in Indonesia.

Nadiem Makarim, within an interview with Fanny Potkin, a Reuters journalist, said now Go-Jek operations more than 100 million deals for 20-25 million regular energetic users.

He didn't designate how much the transfer level uses Go-Pay, however the numbers are forecasted to be large because Go-Jek and Go-Pay are one entity. Regrettably, Rindu Ragillia, the general public Relations Director of Go-Jek, didn't respond when approached.

Go-Jek spreads the wings of Go-Pay. IN-MAY 2018, using the EDC engine unit from Kartuku, the startup attained by Go-jek in 2017, Go-Pay may be used to purchase goods / services from sellers.who collaborate with Go-Jek, beyond the assistance in the application form. Even the promo is currently re-presented, quoting the state Go-Jek blog, repayments using Go-Pay are certain to get certain special discounts, especially at sellers who interact. Including the "Buy 1 Get 1" promo from the CGV Blitz theatre network every Sunday. Cashback is up to 20 percent and 40 percent at McDonald's and Gramedia bookstores.

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