The Impact of Covid-19 Pandemic: Challenges and Opportunities of Syariah Financial Technology


Ramadhani Irma Tripalupi(1*), Prameshwara Anggahegari(2)

(1) UIN Sunan Gunung Djati Bandung, Indonesia
(2) School of Business and Management, Institut Teknologi Bandung, Indonesia
(*) Corresponding Author

Abstract


This paper aims to describe the challenges and opportunities of syariah financial technology (fintech) in Indonesia, due to the impact of covid-19 pandemic. Three things that become the focus of writing, include: syariah fintech; the impact of covid-19 pandemic on fintech; syariah fintech opportunities and challenges. This study uses a qualitative approach and descriptive method with documentation/text studies in the form of related data and literature studies. The conclusion of this research is: the growth of Syariah fintech assets at the end of 2019 increased by 2074.81% from the previous year. Although affected by the pandemic, the growth of fintech during this covid-19 pandemic remained relatively stable. Prominent opportunities and challenges for the Syariah fintech resulting from the impact of covid-19 pandemic, including increased use of fintech through online shopping platforms, payments and loans; accelerated digitalization of financial services; slowed economic activity; arose various risks; and decreased debtor/UMKM performance due to the impact of the pandemic.


Keywords


covid-19; impact on fintech; syariah fintech opportunities and challenges;

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References


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DOI: https://doi.org/10.15575/ijni.v8i1.10207

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