Blazing a Trail in Financial Inclusion

Indonesia has made significant progress in financial inclusion over the last 5 years. In 2017, the World Bank reported Indonesia had the biggest account ownership increase in the East and Asia Pacific Region between 2014 and 2017, up from 36 percent to 49 percent. Additionally, the second National Survey on Financial Literacy and Inclusion (SNLIK) […]

3 Facts You Didn’t Know About Indonesia’s Unbanked

Last year, I had an opportunity to attend the workshop on Global Findex. Ms. Leora Klapper, a founder of the Global Findex Database, shared her important findings for Indonesia. Here are 3 facts that you probably didn’t know about Indonesia’s unbanked: 1. 49 percent are women Globally, women still are less likely than men to […]

Closing the Gap, Halfway There

“The distance to the nearest branch office is pretty far away. I can’t leave my son and my ‘warong’ for depositing money into a bank account.” This is one of the common answers when you ask people in rural areas why they are not having a financial account. According to the latest World Bank Global […]