Financial technology business model as branchless banking for people in rural areas: Case study : Indonesia

One of the factors that cause limited banking services to all corners of society is the lack of infrastructure for Indonesia's natural conditions. Calculation of the economies from the scale of bank operations in an area, is an important factor as illustrated small indicator of the number of banking services such as branches and ATMs for every 1,000 km2 area of the region. Therefore, this study using specialized approach to design business models for electronic payment services use of financial technology appropriate for rural a r e a communities. It is utilizing the principle of branchless banking as well as reviewing relevant aspects of IT risk management and recommended technology information security architectures for the service. In addition, this study also view related to the possibility of financial technology to be one of the payment models that could be used in rural areas.