The moment of Eid is always synonymous with various financial activities that increase sharply. Starting from sending money to families in the village, distributing THR, to shopping needs before Hari Raya. No wonder the cash withdrawal service became one of the most crowded transactions used by the public during this period.
Even in many areas, ATM and bank lines are often longer than normal days. This condition shows that the need for transfers and cash withdrawals is still very high even though digital banking services continue to develop.
Interestingly, this phenomenon also opens up new business opportunities for MSMEs, stall owners, to pulse counters. By providing cash withdrawal services in the neighborhood, they can help people make financial transactions more easily while earning additional income.
Why Are Cash Withdrawal Services Crowded During Eid?
Every year, people’s financial activity increases in the run-up to the holiday. This is due to various financial needs that arise simultaneously.
Despite the growing popularity of digital payments, cash remains the main transaction tool in many areas. Therefore, cash withdrawal services remain in great demand.
On the other hand, bank transfers are also the fastest way to send money to families in different areas.
The Role Of Financial Services Agents During The Eid Season
Not all people have easy access to ATMs or bank offices. In some areas, ATM machines can even be quite far from residential areas.
This is the reason why financial service agents such as mini ATMs are becoming increasingly important, especially during Eid. Mini ATM agents usually provide various services such as interbank transfers to deposit and withdraw cash.
With this service, people do not need to go far to an ATM or bank to make transactions. From a business point of view, it is also a very attractive opportunity for small business owners.
Business opportunities from Transfer and cash withdrawal services
The microfinance service business has actually been growing for quite some time in Indonesia. But in recent years, the demand for transfer and cash withdrawal services has increased.
If properly executed, this service can become a fairly stable source of additional income. For example, each transaction usually has a certain admin fee that becomes an advantage for the agent. In addition, this business can also increase the number of customers who come to the store or stall.
Widely used types of Transfer and cash withdrawal services
During the Eid season, people usually carry out several types of transactions that are most often needed.
Bank Transfer
Many people take advantage of bank transfer services to send money to family or relatives in another city. This service becomes very important for nomads who cannot return home.
Withdraw cash from account balance
Although digital transactions are increasingly popular, people still need cash for various purposes such as eating, hotels where they stay and much more.
