TEMPO.CO, Jakarta - The Indonesian Chambers of Commerce and Industry (Kadin) chairman Rosan Perkasa Roeslani is optimistic that financial and technology (fintech) investment in Indonesia will reach USD$8 billion or Rp105.6 trillion by 2018.

“In 2008, fintech investment stood at roughly USD 900 million only. In 2013, it increased to three billion; it is projected to reach USD 8 billion by 2018,” Rosan said.

The Indonesia Fintech Festival and Conference (IFFC) is held at the Indonesia Convention Exhibition (ICE) Bumi Serpong Damai (BSD) Tangerang, Banten. It was opened Tuesday by President Joko Widodo, attended by Finance Minister Sri Mulyani Indrawati, Trade Minister Enggartiasto Lukita, the Governor of Bank Indonesia (BI) Agus Martowardojo and the Financial Service Authority (OJK) chairman Muliaman Hadad.

Rosan said fintech’s role in global financial service industry is quite significant, particularly in building the momentum to develop financial inclusion. However, he hopes that a right ecosystem could be established, from the regulation to the community to financing to culture to the environment, in order for the industry to be developing as expected.

“It’s an inseparable unit. In unity, I believe all will grow together, to develop rapidly. Although, fintech in Indonesia is still in its early stages, so that regulatory adjustments are normal,” he said.

ANTARA