Using Fintech and Village Credit Institutions Existence on Disruption Era in Bali

  • Nyoman Sri Subawa, Ni Wayan Widhiasthini, Made Sudarma, Ida Bagus Raka Suardana


The financial services industry is one area that feels disrupted, changing business models from conventional to moderate. Fintech is one of the economic practices in Bali, its presence being a new alternative choice for the community. On the other hand, the Balinese people have made the Village Credit Institution, as a financial institution that serves the financial transactions of rural communities, and is a solution to the limited access to funds for rural communities. This study uses a qualitative descriptive analysis, the scientific reason for establishing the Province of Bali as a research location, due to the many practices of using Fin-Tech, and Bali as the only province in Indonesia that has a Village Credit Institution, a non-bank as a financial institution based on local wisdom. The determination of the informants was carried out purposively, the informants were selected on the basis of their competence, such as government representation, the Fintech user community, management and customers. Impacts have been examined from economic, socio-cultural aspects and adaptive regulation. The conclusion of this study shows that the presence of fin-tech in the era of disruption in Bali did not influence people's choice to continue to make the Village Credit Institutions the foundation of their economic activities.