AMAAN: Aligning Work and Worship on One Platform
Technological developments have driven a shift in how people transact. Most lines of business now offer cashless payment options. Even so, some business models, especially those targeting people who are less tech-savvy, still rely on cash payments. This is the system AMAAN has adopted.
However, cash payment systems tend to be prone to human error when recording transactions. Seeing this gap, AMAAN offers a solution to address it. Here is AMAAN's merchant story that is well worth reading.
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Getting to Know AMAAN
For those who are not yet familiar with AMAAN, AMAAN is a sharia-compliant digital platform for millions of women who want to start an MSME. The app offers financial and non-financial service products from partners working with AMAAN for Indonesian women, all in one platform. The app includes various features and menus to support users' business activities.
Partnering with Small and Medium Businesses
AMAAN's main target is mothers and women who are the backbone of more than 90 million people in Indonesia. AMAAN helps millions of families in Java and Sumatra start small and medium businesses by providing capital.
Beyond helping with business capital, this also indirectly forms a community. Through that community, AMAAN gets the opportunity to offer other products, and the community can also gain something from AMAAN.
In addition to providing financial services in the form of financing and savings for MSMEs based on sharia principles, AMAAN also offers self-development services through training programs for both competencies and religion. In this way, AMAAN aligns the needs of work and worship on one platform.
Solutions Offered by AMAAN
The AMAAN sharia-compliant digital platform offers many solutions, ranging from business capital loans and recording of financial activities to worship together with the community. However, in its business operations, AMAAN offers two solutions, namely business capital and shopping.
1. Business capital
Yes, AMAAN provides business capital for women and mothers. AMAAN does not provide capital to male entrepreneurs. The way the capital scheme offered by AMAAN works is also quite simple.
AMAAN agents offer sharia-based business capital from partners who already work with them. If clients want to obtain a business capital loan, they can apply through AMAAN. After receiving the loan, AMAAN agents visit the clients through the community to collect deposits.
The deposits that can be given to AMAAN Agents are also quite flexible. Clients can deposit different amounts of money. For example, if today a client only has Rp10 thousand, that money can be deposited.
If the next day there is extra money, it can be handed to the AMAAN Agent. In time, the money accumulates into an installment. The agent then pays in that installment through retail outlets that have partnered with the AMAAN payment system.
2. Shopping
The second solution offered by AMAAN is shopping. With this solution, app users can meet their business or household needs through the Belanja Rame-Rame feature available in the AMAAN app. Once the goods are ordered, an AMAAN courier delivers them directly to the buyer's home.
Payment can also be made via COD or cash on delivery and CAD or cash after delivery, with payment made no later than two days after the goods are received. Just like the business capital solution, payment after shopping can also be made through retail outlets that partner with AMAAN or via virtual account.
Read also: Virtual Account: A Payment Solution with Secure Access, Here Is How It Works!
How Does AMAAN Manage Its Financing Solutions?
From the previous points, it is clear that the financing solutions offered by AMAAN are fairly complex, because installments are often paid in deposits of varying amounts. On top of that, payments for the shopping solution can be made in cash. This kind of payment system is vulnerable to data errors and transaction recording mistakes because it is still done manually.
AMAAN still adopts this system because its target users are mothers and women living in areas that are not yet very familiar with technology and online payment systems. Even so, AMAAN's transaction process still runs smoothly using Midtrans.
Thanks to the payment gateway solution offered by Midtrans, the deposits made by AMAAN Agents at minimarkets can be recorded automatically, as can payments made via virtual account.
Read also: What Is Disbursement in Business Activities? Here Is the Explanation
Leveraging a Payment Gateway for Operations
In its operations, AMAAN uses Midtrans to simplify transactions for repaying capital funds or paying for purchases in the app. To repay funds that have been provided, MSMEs can pay through the payment methods designated by AMAAN, namely through retail outlets or each user's own virtual account. The same can be done for payments for purchases made in the app.
So, as the best Indonesian payment gateway, Midtrans plays an important role in simplifying the transaction process handled by AMAAN.
This AMAAN Merchant story shows how many benefits a sharia-compliant digital platform gains when using Midtrans as its payment gateway solution. The same benefits and conveniences can be yours if you work with Midtrans. With Midtrans, you can offer dozens of payment methods, both offline and online, through a single gateway. Come on, make your business even more #LancarDenganMidtrans (#SmoothWithMidtrans) by signing up now!