Financial Technology in Indonesia: A Fragmented Instrument for Financial Inclusion?

Chaikal Nuryakin, Lovina Aisha and Natanael Massie ()

No 201936, LPEM FEBUI Working Papers from LPEM, Faculty of Economics and Business, University of Indonesia

Abstract: This study aims to delve deeper into the discussion on how the ?nancial inclusion progress in Indonesia could be affected by the growing ?ntech industry. We shall comprehensively discuss the current state of the platforms in the country, including the potential bene?ts and challenges. Such af?ictions include the hugely-concentrated deposit market, to begin with and the discrepancies between regulators and the technological changes, while the high internet and mobile phone penetration are only one of the many advantages the country are endowed with. The study aims to highlight the challenges faced in increasing ?nancial inclusion before the ?ntech platforms begin to ?ourish and how they differ to the current condition. Novel and relevant policy recommendations are also provided in the latter parts of the discussion.

Keywords: ?nancial; inclusion; —; ?nancial; technology; —; Indonesia; —; digital; divide (search for similar items in EconPapers)
JEL-codes: G21 G28 (search for similar items in EconPapers)
Date: 2019-05
New Economics Papers: this item is included in nep-fle, nep-ict, nep-pay and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:lpe:wpaper:201936

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