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東京大学公共政策大学院 | GraSPP / Graduate School of Public Policy | The university of Tokyo

Lunchtime Talk “Financial Inclusion Program in Indonesia: Evidence from Aceh and Nusa Tenggara Barat (NTB)” By Dr. Chaikal Nuryakin, Associate Professor at Faculty of Economics and Business, University of Indonesia May 9, 2017

12:30-13:30 | Thursday, May 18, 2017

Room 610, Graduate School of Public Policy

Administration Bureau Building 2, Hongo Campus

In English

You may bring your own lunch; otherwise light snacks and drink will be served.


Indonesia’s program of financial inclusion is mainly done in two ways: digital financial services (LKD) and branchless banking (LAKU PANDAI). LKD was launched by Bank Indonesia in 2009 and LAKU PANDAI was launched by Indonesia Financial Authority (OJK) in 2014. Both programs depend on the extensive network of agents to outreach people who are excluded from formal financial services. This study is a preliminary survey on the progress of the two programs especially on its inclusiveness, challenges, and potential. We found that the two programs only have inclusion penetration of around 10% and are mostly used by people who already have bank accounts.