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DIGITAL FINANCIAL INCLUSION IN INDONESIA

DIGITAL FINANCIAL INCLUSION IN INDONESIAF inancial INCLUSION and ElectronificationTa s k Fo rceBANK INDONESIA TRANSFORMATION OFFICE1 DIGITAL FINANCIAL INCLUSION in IndonesiaAGENDAAGENDA2 INDONESIA at GlanceDigital FINANCIAL InclusionBI s StrategyCHALLENGE AND GOING FORWARD12343 BACKGROUNDI ndonesia at GlanceUnbanked people ( FINANCIAL INCLUSION Index)Source : WorldBank, Global FINANCIAL INCLUSION Index, 2014 Global464%FORMAL FINANCIAL SECTOR36%THE BOTTOM OF THE PYRAMIDG 2 P RECIPIENTSINFORMAL SECTOR No bank around it takes time and cost to the nearest branch Higher cost for small transaction Low FINANCIAL literacy Unmet product Culture and Habit Higher cost for setting up a new branch Open A BRANCH

Income%level% and%Resilience Subjective Wellbeing Indicator Financial Inclusion Poverty Reduction Wellbeing The% opportunity% channel The% resilience% channel ... Guideline’Principles Digital Financial Inclusion 1 What if : We could turn a one day sign up process into less than 5 minute? Customer Activation 2 What if: Every one is a bank ...

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  Principles, Levels, Financial, Inclusion, Digital, Financial inclusion, Digital financial inclusion, Principles digital financial inclusion

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