I ask him “Bli, how much you can earn as the grab driver a month?”. Then he answered that nominal. Rp 14.000.000. You know what? That’s insane! If you work in SOE, you can’t earn that. When we work, we earn let’s say under Rp 10.000.000 in a month, but you work like live in hell. Very stressful and always under pressure.
Then, the second story is about my friend who’s at first work as sales and in the same work location. He resigned when his wife was pregnant. I was shaked. I mean “come on man, your wife is pregnant, what the hell are you doing with that decision?”. By the way, now he’s as grab driver in Jakarta. He can earn above the salary as sales. That’s how the fintech change our socio-cultural, life and way of thinking.
Fintech is further development of the financial service industry which majority depends on the internet and digital innovations. I think FinTech in Indonesia developed significantly, some have been dominated the field and become big players that have contributed to the development of the financial service industry. I do believe that FinTech will grow and get bigger. You know why? Due to the reality of this country’s low fintech market penetration, reflected in the fact that fintech has yet to reach all regions in Indonesia. It’s double growth factor, where financial services grow alongside technology.
Ummm, i think Fintech will move faster. After Gojek, Grab and Uber are booming in this Country, i do believe next the application can provide the room, with the lower price than Traveloka, etc. You know when we booked a hotel room, the price is above 350k. I think this is the opportunity to get profit. People who have enough space for room, can rent his room. It’s very useful for the people who have low budget but want to travel.
With the massive move of Fintech, some transportation company face a very real threat. Malaysia’s Grab, Indonesia’s Gojek and USA’s Uber, has aroused string of negative reactions from conventional transportation. Governments have also come underpressure. While this emerging online transportation networks are growing increasingly popular among customers, the question remains whether they should be allowed to thrive the expense of conventional transportation companies, which feel disadvantaged by the convenience and affordability of these alternative transprtation players.
That’s from transportation and Hotel (will be, just a matter of time i guess), Bank now have to deal with the new competitors from telecommunication operators and financial technology companies. However, rather than seeing these new players as a threat, some banks have found way to forge new, and profitable and partnership with them. I know this because i have a friend who works in FinTech, and his company under BTN. The traditional limitations faced by these new players, have in turn opened up collaboration opportunities with the conventional financial institution.
Maybe few years ago, some big company didn’t think that they will face the new competitors. They didn’t think and they didn’t hear, until another players hit their eye. Business players must be prepared to adapt and find new ways to break through. Now is the time Company will compete with everyone, from everywhere, for everything. Big company will bankrupt if they dont change their way of thinking. Don’t be delusional that the market always prefer to them because of their name!
