Indonesia\u2019s financial sector is undergoing rapid transformation,\ndriven by digital adoption, increased credit demand, and small business\nexpansion. Indonesia is home to approximately 65.5 million micro, small,\nand medium enterprises (UMKMs) employing 119 million people. The Central\nStatistics Agency (BPS) identifies UMKMs as the backbone of Indonesia\u2019s\neconomy, contributing more than 61% of the nation\u2019s gross domestic\nproduct.<\/p>\n
Despite their scale, access to finance remains the greatest obstacle\nto UMKM growth. The IMF Article IV 2026 report noted that Indonesian\nUMKMs face significantly higher borrowing costs and more complex loan\napplication procedures compared to similar countries. In response,\nMastercard announced a strategic partnership with Clik Indonesia, a\nprivate credit bureau, to deliver advanced consulting services that\nempower card issuers and financial institutions throughout\nIndonesia.<\/p>\n
Chief Digital Transformation Officer of Clik Credit Bureau Lucky\nHerviana explained that the collaboration addresses an urgent market\nneed for optimal, data-driven intelligence and enables lenders to grow\nresponsibly, improve decision-making, and maintain portfolio health. In\nthis high-growth environment, financial institutions face a dual mandate\nto expand credit access whilst safeguarding portfolio health, requiring\nbetter indicators and stronger models.<\/p>\n
Clik provides expanded credit history, predictive assessment, and\ndeeper payment insights exceeding data available from official sources\nin Indonesia. Using insights from this data, Mastercard\u2019s global\nadvisors offer actionable strategies to enhance credit assessment\ndecisions, support sustainable portfolio growth, and strengthen debt\nrecovery. This builds a more mature, data-driven, and resilient credit\necosystem in Indonesia, with benefits extending to government\ninstitutions, financial institutions, small and medium enterprises, and\nindividuals.<\/p>\n
\u201cWe are pleased to support the advancement of Indonesia\u2019s financial\necosystem through strategic collaboration with Mastercard, which will\nenable the provision of advanced credit risk consulting services to card\nissuers and financial institutions across the country,\u201d Herviana stated\non Monday 16 March 2026.<\/p>\n
Leveraging deep expertise in credit score development and extensive\nnational credit data, the collaboration is prepared to deliver effective\nsolutions for institutions seeking to align business growth targets with\nprudent risk management. The partnership also opens promising\nopportunities based on healthy and well-managed credit portfolios.<\/p>\n
Matthew Driver, Executive Vice President and Head of Services for\nAsia Pacific at Mastercard, said that expanding access to responsible\ncredit requires strong collaboration across the ecosystem. \u201cBy combining\nour global expertise in data-driven decision-making and risk management\nwith Clik\u2019s deep local credit insights, we help financial institutions\nmake smarter decisions and grow sustainably.\u201d<\/p>\n
He added that similar programmes offered by Mastercard in the region\nhelp financial institutions achieve approval rates up to 45% for credit\ncards and 30% for personal financing, with profitability realised within\napproximately 24 months and 12 months respectively.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/strategic-collaboration-empowers-financial-institutions-1773672769", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }