Financial Inclusion in Action

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Indonesia’s experiment with digitising food subsidy payments: The story so far


Background of government-to-people (G2P) payments in Indonesia   Indonesia has embarked on an ambitious programme to digitise all social assistance payments in the country by 2019. In 2017, one of the largest social assistance programmes, Raskin, was digitised and moved to cash transfers. The new, cash-based programme has been renamed Bantuan Pangan Non Tunai (BPNT).… Continue reading

Third-Party Agent Network Managers: The Missing Element in Indonesia’s DFS Sector


This blog is second in the series on the key findings and recommendations of the recently concluded Agent Network Accelerator (ANA) Indonesia survey. It elaborates on one of the key recommendations of the ANA survey which is to allow third parties to set up and manage agent networks. The first blog “A First Look at… Continue reading

A First Look at Indonesia’s Emerging Agent Network


Digital Financial Services (DFS) emerged in Indonesia in 2007, with e-money services targeted at the middle income and affluent segments rather than the unbanked and underbanked masses. In 2014, regulators allowed banks and e-money providers[1] to use individual agents, paving the way for the emergence of agent networks. Since then, financial inclusion has become an… Continue reading

Leveraging Fintech to Achieve Financial Inclusion in Indonesia


Click here to read the blog in Bahasa Indonesia “Fintech” – an intersection of financial services and technology – is taking the traditional financial world by storm. Indonesia is no exception, with a fast-evolving ecosystem that includes a host of financial services offered by new generation fintechs. The diagram below, by no means exhaustive, highlights a… Continue reading

Digital Finance and Illiteracy: Four Critical Risks


For financial service providers trying to garner new clients in the developing world, illiteracy awareness is extremely important. Many countries around the developing world still have high rates of illiteracy, and most financial services are not designed well for illiterate users. This means that tens of millions of people around the world cannot be effectively… Continue reading

Indonesia: The Quiet before the Storm


Last year, The Helix Institute discussed the importance of focusing on the “Launchpad Stage” before rolling out a DFS deployment. The Launchpad Stage is the developmental phase which concentrates on identifying a value proposition in the market, defining an anchor product, designing processes, structuring management, streamlining protocols and crafting a marketing and communications strategy. In Nigeria, providers… Continue reading

Draft Branchless Banking Regulations in Indonesia – A Review

The Government of Indonesia has been proactive in its efforts to extend formal financial access to the unbanked and under-banked sections of the society. The release of draft regulations on branchless financial services for financial inclusion by Otoritas Jasa Keuangan (OJK – the financial services authority that regulates and supervises financial services activities in banking,… Continue reading

Building and Sustaining Agent Networks – Evidence from Indonesia


Indonesia is the world's fourth most populous democracy with a population of 238 million people. An archipelago with more than 17,500 islands, the country is rich in cultural, ethnic, religious and linguistic diversity. However, access to formal financial products/services still remains elusive for most people. According to World Bank estimates only 20% of Indonesians (above 15 years)… Continue reading