Heaptalk, Jakarta — A Financial Service Authority (OJK) has unveiled the result of a National Survey of Financial Literacy and Inclusion (SNLIK) 2022 study, indicating the growth of the financial literacy and inclusion index of society in Indonesia.
As delivered by a Member of the OJK Board of Commissioners for Consumer Protection Education, Friderica Widyasari Dewi, during the closing of Financial Inclusion Month (BIK) 2022, “The SNLIK report aims to map the financial literacy and inclusion index to society in Indonesia, including the digital financial literacy,”
The SNLIK 2022 data collection process was carried out from July to September throughout 34 provinces, covering 76 cities/districts in Indonesia. To accomplish this report, the OJK parties have involved around 14,634 people aged 15 – 79.
Implementing the interview scheme, assisted by Computer-Assisted Personal Interviewing (CAPI), the SNLIK result 2022 revealed a financial literacy index of people attained 49.68% and financial inclusion of 85.10%, compared to the earlier report, namely 38.03% for financial literacy index and 76.19% in 2019.
To amplify financial inclusion for society, Friderica affirmed that OJK would continue to conduct several programs, one of which is Financial Inclusion Month (BIK), organized this October. Through this program, she conveyed that the OJK intends to target a financial inclusion of 90% in 2024 towards public use of financial products or services in Indonesia.
For this reason, the SNLIK result is expected to be fundamental for the OJK parties and other stakeholders in arranging regulation, strategy, and building financial services aligned with the consumers’ necessities while strengthening protection around the financial sector for people in Indonesia.
During the implementation of BIK 2022, around 2,538 activities with total participants attained 1,599,860 people. To date, BIK has succeeded in achieving several goals during 2022, including opening new accounts of 2,037,105 outcomes in the banking industry, 64,228 new securities accounts in the capital market sector, 451,638 debtors in the financing industry, 2,878,570 accounts in the pawnshop sector, and 1,501,709 accounts in the financial technology industry.
In response to the accomplishment, the Chairman of the Board of Commissioners of OJK, Mahendra Siregar, conveyed financial literacy and inclusion contained critical and strategic roles to be solutions adequately in expediting the national economic recovery due to the COVID-19 pandemic. With the BIK program, Mahendra also hopes to reinforce the public’s trust in financial products and unlock financial access comfortably in multiple sectors, including banking, the capital market, insurance, financial institutions, pawnshops, pension funds, fintech, and e-commerce.
