Flip, one of fintech with various service in Indonesia

case study of fintech in Indonesia

1. Bebas Transaksi, ke siapa saja.

2. Digital Finance
& Financial Technology
Group 1
Moh. Choiru Syahil 2402345873 Elza Syafitri 2402345961 Rudi Wahyu PW 2402346005 Anjar Tri Astuti 2402345854 Arie Septayudha 2402345892

3. Send Money
55+Countries
100+ Indonesia
Bank
Digital
Product
5
E-Wallet
Flip For
Business
Services
13+ Million User Around the World
Flip developed by PT. Fliptech Lentera Inspirasi Pertiwi (FLIP), is a
provider of free transfer services between banks. Flip was founded in
Depok by 3 students who graduated from the University of Indone sia. Flip's
valuation will reach $100 million in 2022, making Flip a leadi ng startup in
Indonesia
Profile

4. Business Model
Conventional Bank
Flip Method
With Technology, money transfer using lot of
account number can be handled simpler and
safer
Transfer Fee
Rp 6.500

5. Difference between FLIP and Competitor Services
FLIP
Interbank and intra-user transfers, Top Up and Payment, E-Wallet,
Game Voucher, Flip for business and
Flip Globe
.
DANA
Interbank and intra-user transfers, Top Up and Payment , E-
Wallet, Game Voucher,
Dana Instalment (Dana Cicil),
E-Money Top Up
and Dana for Business
OVO
Interbank and intra-user transfers, Top Up and Payment , E-Wall et,
Game Voucher, E-Money Top Up,
Cash Withdrawal, Grab, U Card and
OVO Protection

6. Emerging Technology
Using by FLIP
API Integration
with Banks
Artificial Intelligence (AI)
and Machine Learning (ML)
Biometric
Authentication
Cloud
Computing
Real-Time Data
Processing
Data Encryption and
Secure Communication
API technology to integrate
with various banking
system. It seamless and
efficient money transfers
between different banks.
AI and ML are used for fraud
detection and prevention.
These technologies can
identify and flag suspicious
activities, ensuring the
safety of users' funds.
Biometric data such as
fingerprint or facial
recognition for user
authentication enhances
security by ensuring that
only authorized users can
access their accounts.
Cloud services enable
scalable and reliable
operations. It can manage
a large user base and
ensure high availability of
its services by leveraging
cloud infrastructure.
Real-time processing
technologies can handle
transactions instantly,
providing a smooth and fast
user experience.
The technologies are used
to secure user data and
transactions, ensuring that
sensitive information is
protected against breaches
and unauthorized access.

7. Digitalization of
Conventional Bank
Current Challenges
Rising of
Digital Bank
E- Wallet
Cybercrime

8. Evaluation of FLIP’s monthly Revenue* Flip’s Revenue is determined by the number of transacti ons, so the transaction value of 25 billion rupiah
in a month is assumed:
1. Virtual account administration Fee
2. International transfer Fee
3. Priority Transaction Fee
4. Transaction above IDR 5 million
Fee
5. E - Wallet Top Up Fees
6. Bill Payment and Digital Products
7. Big Flip for enterprise & UMKM
* Estimation
Flip’s Revenue come from:

9. Disadvantage using
FLIP
Small Membership
compared to competitor
(Dana, OVO)
Additional fees for
International transfers
Number of Substitute
Products/Services
Limited Feature
Transfer amount limits
Limited service in
operating hours

10. 3 Things to
improve on Flip
Product Development
Upgrading Technology
Brand Awareness
-Intensify marketing of FLIP
products and advantages
-Promos with digital marketing as
widely as possible
-Provide incentives & rewards for
member get member
-Invest in advanced &
newest technology to increase FLIP's
advantages
-Identify important assets
and costumer data then
prioritize them in the cybersecurity
system
-Create some variance & derivative
product from existing
-Make product differences
with competitors using new
technology

11. What would be your Plan to
Next 5 Years ?
Transportation Ticket
Sales
Entertainment Ticket
sales via Apps
Peer to Peer Lending
service
Merger & Acquisition
with
E-Commerce

12. THANK YOU