Indonesian fintechs plug payday gaps, help workers stay away from loan sharks
- Indonesia
- 6 min read
- Mar 05, 2021
- By Putu Agung Wija Putera
Image: Shutterstock
Cash advance or “earned wage access” programs, already popular employee benefits in the US and Europe, are attracting investors and diverse clients in Indonesia
Companies offer a variety of benefits to their employees to keep them happy and loyal. These include standard employment conditions like paid annual and maternity leave. Some companies go further with allowances for recreational activities or personal education. Now, a new type of employee benefit is becoming popular in Indonesia – loans and cash advances for financial emergencies – and is attracting the interest of fintech startups and investors.
Platforms like KoinWorks (P2P lending) and Payuung (employee benefits) are already offering products to help employees of client companies meet e...
Platforms like KoinWorks (P2P lending) and Payuung (employee benefits) are already offering products to help employees of client companies meet e...
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