Financial inclusion programs for women and low-income communities have successfully increased financial inclusion in Indonesia. The percentage of adult Indonesians with bank accounts reached 48.9% at the end of 2017, significantly higher than the 36% recorded in 2014.
Despite this improvement, access to financial services still only reaches half of the adult population. The emergence of peer-to-peer (P2P) lending fintech is expected to boost financial inclusion. The government aims to increase access to financial services to 75% of the population.
To accelerate financial inclusion, the government is innovating financial services, collaborating with non-financial institutions, improving inclusive financial infrastructure, raising public awareness and literacy, and facilitating property rights certification for the community.
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