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Traditional Stores to Drive Financial Inclusion in Indonesia

One of the leading e-commerce conglomerates in Indonesia is taking significant strides in promoting financial inclusion across the nation, particularly in remote areas. Recognising the vital role played by traditional stores in local communities, the company has strategically empowered them to serve as agents of financial inclusion.

With an astronomical 16.8 million traditional stores scattered across Indonesia, this online shopping platform envisions a future where digital and financial access is fair for all Indonesians, regardless of their geographical location.

By harnessing the transformative power of technology and leveraging its extensive network, the company aims to bridge the digital divide and ensure that even regions outside Java, such as the city of Makassar, can benefit from inclusive financial services. Acknowledging the unique challenges faced by communities outside of Java, the company is committed to breaking geographical barriers and extending its digital ecosystem to promote economic growth and empower individuals and businesses alike.

The primary goal of this initiative is to democratise financial services, allowing individuals and micro-entrepreneurs operating traditional stores to participate in the digital economy. By providing these local partners with access to cutting-edge technology, digital payment systems, and financial tools, the company aims to enable them to offer a wider range of services and reach a broader customer base. Through this mutually beneficial relationship, traditional stores can enhance their competitiveness, increase their revenue streams, and ultimately thrive in an increasingly digital era.

A platform for traditional partner stores is expanding its range to include over 42 billion virtual product options. This initiative aims to empower traditional stores to sell a wide range of products, similar to modern retail outlets, with a particular emphasis on providing financial inclusion services.

Through various features integrated into the application, such as educational resources, financial bookkeeping tools, and digital promotional designs, this initiative encourages and supports the growth of Micro, Small, and Medium Enterprises (UMKM).

By offering an extensive array of virtual products, the platform empowers traditional stores to diversify their offerings and cater to evolving consumer demands. These offerings range from everyday essentials to niche and specialised products, providing an opportunity for traditional stores to expand their customer base and generate additional revenue streams. This forward-thinking approach not only enhances the competitiveness of UMKM but also contributes to the overall growth of the local economy.

Additionally, to expand product options, the platform recognises the importance of equipping traditional stores with the necessary knowledge and tools to thrive in the digital era. The platform integrates educational resources that provide valuable insights into business operations, including financial management, marketing strategies, and digital promotion techniques. By empowering UMKM with these resources, the platform promotes continuous learning and skill development, enabling traditional stores to adapt and succeed in the increasingly digital marketplace.

Furthermore, the platform acknowledges the pivotal role of effective financial management in the success of UMKM. Through the inclusion of financial bookkeeping tools, the platform simplifies and streamlines the process of managing business finances for traditional stores. These tools provide features such as expense tracking, sales analysis, and profit calculation, allowing UMKM to gain better control over their financial operations and make informed business decisions.

By facilitating efficient financial management, the platform contributes to the long-term sustainability and growth of traditional stores. The platform can also support UMKM in expanding its market reach and increasing its sales potential.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.