92 Million Adult Indonesians Lack Access to Financial Services

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Viva Budy Kusnandar 08/10/2019 09:26 WIB

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A Bain & Company research project, in collaboration with Google and Temasek, also states that only 42 million Indonesian adults have access to financial services.

Number of Indonesian Adults Served and Unserved by Financial Services (2019)

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92 Million Adult Indonesians Lack Access to Financial Services

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Number of Indonesian Adults Served and Unserved by Financial Services (2019)

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Based on research titled *Fulfilling its Promise – The Future of Southeast Asia’s Digital Financial Services*, 92 million adult Indonesians remain unserved by financial or banking services. This figure represents more than half of the total adult population of 182 million.

The Bain & Company research project, in collaboration with Google and Temasek, also indicates that only 42 million adult Indonesians have access to financial services. These services include having a bank account, accessing credit, investing, and receiving insurance from banks or other financial institutions.

(Read databoks: How Many Fintech Transactions are There in Indonesia?)

The research also shows that 47 million adult Indonesians have bank accounts but lack access to other financial services. This situation presents an opportunity for financial technology (fintech) institutions to target the unbanked population in Indonesia.

(Read Databoks: April 2019, Fintech Loan Disbursements Reach Rp 37 Trillion)

Editor : Hari Widowati

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."