The Ayo Kasbon application facilitates employees to be able to collect their salaries early before the payday. PHOTO/Illustration
JAKARTA – PT Ayo Kasbon Indonesia, a financial technology startup, officially launched the Ayo Kasbon financial service application innovation to coincide with Labor Day in Jakarta, Wednesday (1/5/2024). The Ayo Kasbon application aims to facilitate employees, servants or laborers being able to collect their salaries early before the payday.
Director of PT Ayo Kasbon Indonesia Ari Gunawan said that there was quite a lot of information about people having problems with illegal online loan platforms (pinjol) or loan sharks. “Starting from this problem, PT Ayo Kasbon Indonesia created a digital kasbon innovation specifically for employees, employees or laborers,” said Ari in his official statement.
He said, with this application, employees, servants and laborers can withdraw part of their salary in advance before the payday without being charged interest. The cash bond application process can be done more easily, safely, quickly and flexibly.
Ari explained, with the Ayo Kasbon business model, the markets it wants to target are industrial companies/factories, offices, outsourcing and civil servants. Ayo Kasbon can also facilitate companies that are currently carrying out Kasbon practices manually to switch to digital, without any costs being charged to the company.
Ari explained, an illustration of the manual cash bond application that is currently running is that employees fill out a form, then get permission from the human resources (HR) department. Then, if approved, the HR department will forward it to the finance department, and then the cash will be disbursed in cash.
Meanwhile, he continued, the digital cashbon practice currently has various forms. There are those who provide a cash bond limit of up to 90% of salary, there are also up to 2-3 times the salary and the process of repaying the cash bond is in installments, and interest is charged.
“Come on, Kasbon is different from other platforms, because the maximum kasbon limit is limited to around 30-40%, depending on the agreement with the company. Then payments are also not paid in installments, and without interest. We only charge an admin fee per kasbon,” he explained.
Ari explained that this was based on the understanding that cashbon is not a loan, but rather an employee’s salary which is taken early before the payday. For payments, employee salaries are deducted immediately when they are paid.
“So it is very different from Pinjol, which is a loan with a certain amount, subject to admin fees, interest and other fees, as well as administrative burdens and payment by collection. This is the basic difference between the Ayo Kasbon and Pinjol platforms,” he explained.
