Figure 2–The Four (4) Industrial Revolutions² “From passbook banking to digital banking.”
The bigger the problem, the bigger the opportunity. Let’s examine what problem is
PearlPay solving. There are more than 1,600 BPR ( Bank Perkreditan Rakyat or rural banks) in Indonesia, with more than 4,500 branches and more than 10 million existing bank customers. Almost all rural banks were trapped using the passbooks, which is a paper-based technology. As aforementioned, digitization is the solid rock foundation of exponential growth, and what an impeccable timing would be to digitize the rural banks today in conjunction with the high mobile internet penetration rates.
“If PearlPay were for the rural banks, then JetSchool will be for the schools.”
Jetschool is a school management app that manages online tests, attendance, finance, scores, library, etc.
Jetschool was elected as Top 10 Tech Startup to Watch in Indonesia by Tech In Asia in 2017.
“Great industries are never made from single companies. There is room in space for a lot of winners.” Jeff Bezos Garuda Digital Alliance Ceremonial Signing (Jan 20, 2020) at Bandung City, Indonesia — Photo (from left to right): Najib Yusuf (Founder and CEO, JetSchool), Hafizh Mulia (1001Teras), Kenny Dewi Kaniasari (Head of Culture and Tourism Office, City Government of Bandung, Indonesia), Spark Perreras (Group CEO, PearlPay), Atty. Jay Masangcay (Director and Chief Legal Counsel, Pil-Chi Telecoms Inc.), and Shadman Sadab (CEO, Future City Summit)
Life as a startup, especially those with less than three (3) years, is about survival. One of the keys to surviving is to ally and to help each other through stormy weather. But life itself is not all about survival, but having a sense of purpose and develop a friendship with the people that we can grow with, people that will help us become a better version of ourselves.
I am pleased to share some of the initiatives of the Garuda Digital Alliance.
PearlPay shall be the payment technology engine and provider to the digital payment service and product of JetSchool (JetPay). Future City Summit (in partnership with the City Government of Bandung, Indonesia “Urban Data Lab”) will be providing a FREE co-working space for two (2) years for the members of the Garuda Digital Alliance.