Indonesia's Internet Users Reach 200 Million, But Digital Literacy is Still Minimal

Pengguna Internet Indonesia Capai 200 Juta, Tapi Literasi Digital Masih Minim

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Indonesian Internet Users Reach 200 Million, But Digital Literacy is Still Minimal

This is a challenge for Indonesia to improve.

Indonesia's Internet Users Reach 200 Million, But Digital Literacy is Still Minimal

"Dream - Executive Head of the Supervisory Board of Financial Services Business Actors, Education, and Consumer Protection of OJK, Friderica Widyasari Dewi revealed that a major challenge for Indonesia is to improve literacy indexes such as financial and digital literacy."

Referring to the results of the National Survey on Literacy and Financial Inclusion (SNLIK) in 2022, it shows that Indonesia's financial literacy index is still below 50 percent, reaching 49.68 percent, although it has increased from 38.03 percent in 2019. In the current digital era, the number of internet users in Indonesia continues to grow, reaching more than 200 million people, but it is not accompanied by good digital literacy.

"With the development of the current digital era where internet users in Indonesia have reached more than 200 million people, but not accompanied by good digital literacy,"

ucap Frederica, in the Monthly Business Clinics (MOBIC) event titled Financial Literacy, Optimize Financing with Smart and Wise, held by FIFGROUP, Friday, September 15, 2023.

"On the other hand, the lack of public knowledge about Financial Literacy also leads to various problems such as increasing consumer complaints, the proliferation of illegal financial activities, and the constraints in understanding access to capital, especially for MSMEs."

This is the condition that according to Frederica becomes a challenge and must be faced by Indonesian society, not only for consumers but also for the financial services industry. "The public's understanding of financial literacy becomes one of the foundations that must be strengthened, so that the community can behave wisely and make financial decisions accurately, especially in a constantly changing financial environment," she added.

"Previously, President Joko Widodo (Jokowi) targeted that Indonesia's financial inclusion index should reach 90% by 2024. This increase in financial access is considered important to drive national development and economic growth. It is in line with the increase in financial literacy in society, so that they are ready to use all forms of available financial access."

PT Federal International Finance (FIFGROUP) as a subsidiary of PT Astra International Tbk, also as a Financial Services Provider (PUJK), has conducted various educations for the community related to financial literacy.

"Financial literacy initiatives that we have been working on during this first semester include social teaching hours, so all leaders throughout Indonesia are required to teach about financial literacy,"

ungkap Operation Director FIFGROUP, Setia Budi Tarigan.

"Setia Budi also stated that various groups of people have gained knowledge about financial literacy from the activities that have been carried out."

"So there are already 2,040 students to whom we have provided financial literacy, and from the perspective of MSME actors, there are 734 MSME actors to whom we have provided revolving funds for business development. Including towards teachers, we conduct training related to financial literacy. And also, together with OJK, FIFGROUP supports financial literacy for disabled friends."

"tambahnya." in English means "addition."

“Jadi sudah ada 2.040 pelajar yang kita berikan literasi keuangan, terus dari sisi pelaku UMKM, ada 734 pelaku UMKM yang kita berikan dana bergulir untuk pengembangan usahanya. Temasuk terhadap guru-guru, kita melakukan pelatihan terkait literasi keuangan. Dan juga bersama OJK, FIFGROUP dukung literasi keuangan bagi sahabat disabilitas,”

Therefore, the importance of joint efforts between the government, financial institutions, non-governmental organizations, and the private sector in improving financial literacy and understanding among the Indonesian society becomes very essential. FIFGROUP believes that consumers who have a good understanding of the products and financial services they use will be able to make smarter financial decisions.

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