The Influence of Fintech on Indonesia Economic Growth
Yasir Maulana (a*), Nugraha (b), Ika Putera Waspada (c), Maya Sari (d), Imas Purnamasari (e)

a) Universitas Pendidikan Indonesia
*yasir[at]upi.edu
b) Universitas Pendidikan Indonesia
c) Universitas Pendidikan Indonesia
d) Universitas Pendidikan Indonesia
e) Universitas Pendidikan Indonesia

Abstract

Fintech has an effect on GDP which is known by several previous studies. This study examines the influence of Fintech Peer to Peer Lending and Fintech Digital Payment on Indonesia^s economic growth, using secondary P2P lending fintech data from the Financial Services Authority (OJK), data on digital payments through fintech and data on Indonesia economic growth from Bank Indonesia. Through the multiple regression method, it is found that the research results show that peer to peer (P2P) lending and digital payment have a positive and significant effect on Indonesia economic growth, both partially and simultaneously. The determination test results indicates that the P2P lending and digital payment variables explain the economic growth variable. These results indicate that the growth of P2P lending is driving Indonesia economic growth. These results indicate that the growth of Fintech P2P lending and Fintech Payments is driving Indonesia economic growth.

Keywords: Fintech, P2P Lending, Digital Payment, GDP

Topic: Financial Management and Accounting