Indonesian financial literacy and inclusion initiatives

Indonesian financial institutions are implementing various initiatives to improve financial literacy and inclusion across the country.

In the Riau Islands, the Financial Services Authority (OJK) partnered with the Natuna Regency Library and Archives Service to target border communities. This collaboration includes a Training of Trainer program for librarians across 37 villages to promote sustainable financial planning and awareness of illegal activities. The initiative also explores using village libraries as agents for branchless banking services to assist rural populations.

Concurrently, the Indonesia Deposit Insurance Corporation (LPS) has launched programs to strengthen public trust in the banking system. These efforts include media education in Gorontalo to help distinguish between licensed and unlicensed banks, and a ‘Campus to Community’ seminar at Universitas Pamulang. During the seminar, officials addressed concerns regarding Gen Z, noting that 52% of this demographic has diverted investment funds toward sports betting, emphasizing the need to differentiate legal investments from prohibited gambling.