Central Banking

Bank Indonesia to nudge more people to open bank accounts

Bank Indonesia
Bank Indonesia is "fully committed" to strengthening non-cash social assistance, says Sugeng
Christopher Jeffery

Bank Indonesia is to increase its delivery of social assistance via electronic payments to accelerate financial inclusion.

Speaking at a seminar in Jakarta on December 18, Sugeng, deputy governor of BI, said the level of financial inclusion in Indonesia is still “low” as only around 36% of the adult population has a bank account, according to World Bank data from 2014. Indonesia wants to raise that figure to 75% by 2019.

Delivering social assistance electronically (via ‘non-cash’ social

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