PAJK touted as key to inclusive, safer investment via People's Credit Bank integration

  • Published on 24/04/2025 GMT+7

  • Reading time 2 minutes

  • Author: Julian Isaac

  • Editor: Imanuddin Razak

The Indonesian Fintech Association (AFTECH) assesses that Financial Services Aggregation Providers (PAJK) can encourage financial inclusion while also being an alternative investment for the community amidst fluctuating investment market conditions, such as through a digital platform connected to the People's Credit Bank (BPR).

PAJK is a digital platform that collects and unites various financial services from many financial institutions, including financial technology.

"The PAJK platform integrated with BPR is an innovation that bridges the community's need for easier, safer, more transparent and more affordable financial access," Deputy Chairperson of AFTECH, Anggie Ariningsih, said on Wednesday, April 23, 2025.

She said that cross-sector collaboration is urgently needed so that the use of financial technology can further expand the reach of financial services to all levels of society.

This cross-sector collaboration, for example, is the aggregation of BPR deposit products that are distributed through digitalization and integration via the PAJK platform. Because, she assessed that this integration could encourage people in various regions to access financial programs.

"Deposit aggregation for BPRs in this region also encourages economic equality for BPRs in various regions that have many entrepreneurs and borrowers can obtain depositors from other regions," Anggie said.

However, this innovation cannot run alone, so support from regulators, namely the Financial Services Authority (OJK) and industry players is the key to the success of this service expansion.

"There are digital banks that promise more than 6 percent, but they are not guaranteed. This is where BPR becomes a fairly promising option, especially if accessed through a digital aggregator," Lolita Setyawati, Certified Financial Planner, said.

She added that people currently prioritize time efficiency and ease of access. PAJK allows customers to open deposits without having to come directly to the BPR office, making investment more relevant to today's digital lifestyle. However, challenges still exist among the older generation who are not fully digitally literate.

This challenge is also said to be felt by PAJK itself, such as Fintech Komunal. Therefore, President Director of Komunal Sejahtera Indonesia (KSI), Kendrick Winoto, suggested that the aggregation of deposit products through BPR is here to answer the challenges of transparency and access in the microfinance sector.

"This initiative aims to expand financial inclusion by making it easier for people to access deposit products digitally," Winoto said.

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