5 Modern Financial Services Used Today

boldThe development of technology has made it easier for all human activities, including in the financial world. In fact, now you can feel the ease, for example now you no longer need to bother coming to the bank just to transact. Now only via smartphone or computer, you can perform various transactions.

The current ease is a form of financial inclusion set by Bank Indonesia (BI). This program has a goal to invite the community, especially those in the basic classes, to be more literate with financial services

1. E-Money

Do you realize that while using a taxi service or vehicle online, it means you are accustomed to using cashless or nontunai way? This is called e-money or electronic money. Currently, there are many e-money service providers in the market. From banking to cellular providers.

The current use of e-money is not only for transportation, but also in other places, such as supermarkert, restaurants, gas stations, and many more

1. Mobile Account
   Illustration using smartphone

Asking about the bank account number, surely not every person memorized with his own account number. However, the current savings model no longer requires an account number. Simply use the phone number only, you can open a savings account.

These services are often known as mobile phone accounts. This financial inclusion service is usually already integrated with e-money services. In addition, this service also has complete features such as accounts in general, such as cash deposits or cash withdrawals, bill payments, and funds transfer.

1. Digital Savings

Although both use smartphones, this type of savings is different from mobile account, m-banking, or e-banking. This digital savings is a financial product that does not need to inconvenience customers in opening an account, even customers do not need to come to the bank.

Simply from home, you can also open digital savings. The trick is very easy. You just need to download the application via smartphone. After that, you can open a savings account independently.

1. Online Loans

One of the benefits you can feel with a financial inclusion service is being able to take out an online loan. This can be obtained from the fintech service. The process of submission was quite easy. You simply fill out the form provided through your smartphone or laptop.

Once completed with the administrative process, you can immediately withdraw the loan without any collateral. This online loan product you can adjust to the needs, there are even scheme the number of installments are clear based on the loan amount you submit.

1. Be smart

Other online financial products that you can take advantage of are Goods (Non-Office Finance Services in the Framework of Inclusive Finance). This program is a program owned by the Financial Services Authority (OJK) which can reach people who may not yet feel the financial services.

The purpose of this product is so that people can feel the banking services without having to come directly to the bank. Customers can come to OJK authorized agents. Starting from the minimarket, outlets pulse, until the grocery store.

For the system itself, it is similar to the usual cash draw process. However, this program has other more complete features, such as savings.

Take advantage of Wisely

Online financial products are easy. However, keep using wisely. Do not let it eventually cause problems in the future. Learn it first before you want to use it.