PAYFAZZ wants to build a network of distributed bank agents in Indonesia


Hendra Kwik is hoping to tap into the excitement of on-demand companies like Uber and distributed workforces — except instead of ridesharing, he’s hoping it will work for banking.

That’s the theory behind PAYFAZZ, which coordinates with banks to create a distributed network of bank agents that can operate from wherever — even their own homes. Once that person is verified and in good standing (based on some background inquiries) they are given a PAYFAZZ balance from a bank and act as an intermediary between a potential customer and the bank. The goal is to build a distributed network of banking touch points much like the bank fronts that you might find all over the place in your city. That kind of a network isn’t available in Indonesia and is clustered in major cities…

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