Friday, 18 October 2019 | 05:51 WIB

Pegadaian Launches G-Cash to Support Digital Micro Lending

Teguh Wahyono, Director of IT and Digital Services at Pegadaian (itb)

JAKARTA, NETRALNEWS.COM - State-owned pawning company PT Pegadaian (Persero) continues to develop its product business in accordance with its era. In addition, gold is still a mainstay in the pawnshop business.

Teguh Wahyono, Director of IT and Digital Services at Pegadaian, said his team continues to strive to improve the company's digital products so that they can operate properly and safely.

Some products are in the process of being developed. One of them is the launching a virtual account product called G-Cash. Pegadaian plans to integrate G-cash to support digital micro lending products.

"This is what will encourage financial inclusion. Later on, we will cooperate with anyone, we open ourselves, we partner with Ovo," Teguh said to Netralnews in his office in Jakarta, on Friday (09/20/2019).

Moreover, there are several features that distinguishes G-Cash from the others. First, customers can open virtual G-Cash accounts through the Pegadaian Digital Service (PDS) application just like a regular bank account.

Teguh continued that the service is expected to be able to enlarge the portion of non-cash transactions which are currently still 5-6 percent this year.

"We target financing distribution through fintech to reach IDR10 trillion by 2023," he said.