Role of Fintech Services Providers and Stakeholders as Drivers in Digital Payment Ecosystems

Ivany Rachmawati, Marcella Witanto, Adityo Nugroho, Peri A. Manaf

2018

Abstract

The development of digital finance (fintech) sector in Indonesia brings demand and potential which is managed by local fintech startups through various forms of creative services. There are role of providers and stakeholders in market acceptance. However, their roles in the fintech ecosystems are not documented systematically. This paper will answer the question about the roles of the provider and stakeholders in encouraging the use of digital payment services. This paper focuses on the context of their roles and behaviour in the development of the digital payment environment. This paper is library research compiling previous studies of fintech models using the example of electronic wallets (e-wallets). Our literature review results conclude that the Indonesian payment services market has very large opportunities especially for non-cash payments systems such as e-wallets. In addition, the underlying demographic and economic drivers have also led to rapid change. Indonesia has experienced a massive development of cashless payments, and we believe bigger opportunities are available for local fintech companies through their alternative payment platforms.

Paper Citation

in Harvard Style

Rachmawati I., Witanto M., Nugroho A. and A. Manaf P. (2018). Role of Fintech Services Providers and Stakeholders as Drivers in Digital Payment Ecosystems.In Proceedings of the 4th Sriwijaya Economics, Accounting, and Business Conference - Volume 1: SEABC, ISBN 978-989-758-387-2, pages 468-475. DOI: 10.5220/0008441404680475

in Bibtex Style

@conference{seabc18,
author={Ivany Rachmawati and Marcella Witanto and Adityo Nugroho and Peri A. Manaf},
title={Role of Fintech Services Providers and Stakeholders as Drivers in Digital Payment Ecosystems},
booktitle={Proceedings of the 4th Sriwijaya Economics, Accounting, and Business Conference - Volume 1: SEABC,},
year={2018},
pages={468-475},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0008441404680475},
isbn={978-989-758-387-2},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 4th Sriwijaya Economics, Accounting, and Business Conference - Volume 1: SEABC,
TI - Role of Fintech Services Providers and Stakeholders as Drivers in Digital Payment Ecosystems
SN - 978-989-758-387-2
AU - Rachmawati I.
AU - Witanto M.
AU - Nugroho A.
AU - A. Manaf P.
PY - 2018
SP - 468
EP - 475
DO - 10.5220/0008441404680475