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View all search resultsfinancial-literacy
Business 5 years ago
Jokowi calls on fintechs to adopt good governance for enhanced cybersecurity, services
The Indonesian President conveyed the need for fintech companies to adopt best practices and pursue innovation to propel the country toward greater digital financial literacy in his opening speech for the Indonesia Fintech Summit 2020.
Science & Tech 5 years ago
Boosting financial literacy key to promoting financial inclusion in Indonesia
Financial inclusion is highly important to stabilize the Indonesian economy. Yet, a 2019 survey by the Financial Services Authority (OJK) revealed that Indonesia’s financial inclusion rate stood at only 76.1 percent, marking an increase of some 40 million unbanked adults from 2017, when the rate stood at nearly 50 percent.
Business 5 years ago
Fintech's role in financial inclusion rises but infrastructure, literacy challenges loom
Seventy-five percent of the fintech companies reported they were still facing low financial literacy among the target market, 57 percent reported facing basic infrastructure problems and 44 percent reported facing limited capital or resources challenges.
Business 5 years ago
Lifestyle, lack of tech adoption, impediments to Indonesia's financial literacy
The lifestyle-driven spending habits of millennials, as well as the general public’s slow adoption of technological developments in finance, are among the challenges to increasing financial literacy in Indonesia, fintech players have stated.
