Payfazz Pt Payfazz Teknologi Nusantara
Indonesia is home to over 269 million people, and yet a significant portion of its population remains unbanked, with no access to financial services. This is where Payfazz PT Payfazz Teknologi Nusantara comes in. Founded in 2016 by Hendra Kwik and Jefriyanto, Payfazz is a fintech company that aims to provide access to financial services for the unbanked and underbanked populations in Indonesia.
What is Payfazz?
Payfazz is a fintech company that offers a digital platform for financial services such as bill payments, mobile top-ups, and money transfers. The company's mission is to provide affordable and accessible financial services to the unbanked and underbanked populations in Indonesia. Payfazz aims to bridge the gap between traditional financial institutions and the unbanked population in Indonesia. The company has a vast network of agents, known as Payfazz Mitra, who are responsible for onboarding customers to the Payfazz platform and providing these financial services to them.
How does Payfazz work?
Payfazz works through a network of agents, who act as intermediaries between traditional financial institutions and the unbanked population in Indonesia. These agents are known as Payfazz Mitra and are located in various parts of the country. Customers can visit a Payfazz Mitra to sign up for the Payfazz platform and access financial services such as bill payments, mobile top-ups, and money transfers.
The Payfazz Mitra is responsible for onboarding customers to the Payfazz platform, uploading their KYC (know-your-customer) documents, and providing them with access to the various financial services on the platform. The Payfazz Mitra earns a commission on every transaction made on the platform, which provides them with an additional source of income.
What are the benefits of using Payfazz?
Payfazz offers several benefits to its customers, especially those who are unbanked or underbanked:
Accessibility: Payfazz's network of agents makes it easy for customers to access financial services, even if they live in rural or remote areas.
Affordability: Payfazz's services are affordable, with low transaction fees, making it accessible to even those on a tight budget.
Convenience: Payfazz's digital platform makes it easy for customers to manage their finances, pay bills, and make transactions from the comfort of their own homes.
Financial inclusion: Payfazz's mission is to provide financial inclusion to the unbanked and underbanked populations in Indonesia, allowing them to access financial services and participate in the country's growing economy.
Payfazz's Impact on Financial Inclusion in Indonesia
Since its launch in 2016, Payfazz has made a significant impact on financial inclusion in Indonesia. The company has successfully onboarded over 25 million customers to its platform, with the help of its network of over 500,000 Payfazz Mitra agents. Payfazz has also processed over 270 million transactions, worth more than IDR 50 trillion (USD 3.4 billion) in value.
Payfazz has not only provided financial services to the unbanked and underbanked populations in Indonesia but has also created job opportunities for its Payfazz Mitra agents. These agents, who are often small business owners or entrepreneurs, have been able to earn extra income by offering Payfazz's financial services to their customers.
Conclusion
Payfazz PT Payfazz Teknologi Nusantara has changed the game for financial inclusion in Indonesia through its digital platform and network of Payfazz Mitra agents. The company has successfully provided access to financial services for the unbanked and underbanked populations in Indonesia, making it easier for them to manage their finances and participate in the country's growing economy. Payfazz's mission to provide affordable and accessible financial services to all Indonesians has made a significant impact on financial inclusion in the country.