Often Use Fintech Services To Be Beware Of Getting Entangled With Digital Moneylenders

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JAKARTA - Many digital or fintech financial service providers make it easy to get money instantly. However, not a few people do not understand digital digital financial services.

This is a concern for the Director of the Financial Services Authority (OJK) Digital Financial Innovation Group, Dino Milano. According to him, many people are too consumptive in online loans, so they are caught by "digital moneylenders'.

"Millennials need to be more aware of digital finance. The majority of the use of digital finance is for paying bills, borrowing money, buying goods, but no one has gone deeper into investing, for example," said Dino in a virtual discussion, Thursday, April 1.

For this reason, before starting digital financial service transactions, Dino said that there are things that must be considered so that unwanted things do not occur in the future or cases of fraud occur.

First, pay attention to the legality of the financial services to be selected. Make sure to look for financial service providers that are registered and under the supervision of the OJK.

Read carefully the terms and conditions that apply. Reading the terms hastily or immediately pressing the agree option will only cause losses in the future.

Prospective users of digital financial services must also be careful in providing personal access such as contact numbers, e-mails, photos, videos and others.

Meanwhile Dino said that the level of financial inclusion in Indonesia continues to increase. Based on the results of the 2016-2019 national survey, financial inclusion growth rose from 8 percent to 38 percent.

"We need to be proud because the level of financial inclusion continues to increase, even though it has not reached the stage we want, but I believe we can still increase it," said Dino.