Uncovering the Challenges of Digitizing QRIS in Micro and Small Business: Is Sustainability at Stake?
The advancement of digital payment transactions through QRIS represents a significant innovation in the realm of shopping. This modern technology allows us to conveniently make purchases without the need for cash or an ATM/credit card. With the help of our cell phones, we can effortlessly shop at various merchants that offer QRIS as a payment […]
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 […]