OJK Says Many Communities Are Starting to Understand Financial Products

Suara.com – Indonesian people are starting to understand and understand about the products and uses of financial services. This is reflected in the results of a survey on the level of understanding or financial literacy which is 49.68% in 2022.

Member of the Board of Commissioners of the Financial Services Authority (OJK) for Education and Consumer Protection, Friderica Widyasari Dewi, explained that the literacy rate had increased compared to the survey in 2019 which was still 30%.

“The Indonesian people’s financial literacy index is 49.68%, an increase compared to 2019 which was only 38.03%,” he said in a virtual press conference, Tuesday (22/11/2022).

According to Friderica, the increase in public understanding cannot be separated from the pandemic in early 2020.

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At that time, banks carried out digital transformation in their services, so that inevitably the public had to understand digital banking products or services.

“So, a mix of face-to-face (offline) and online financial education strategies as well as strengthening strategic alliances will be a key strategy in accelerating increased literacy,” he explained.

Friderica added, in terms of affordability or financial inclusion, it has also increased. This means that it is now easier for people to access financial services.

Meanwhile, the financial inclusion index this year reached 85.10%, an increase compared to the previous SNLIK period in 2019, which was 76.19%.

“This shows that the gap between literacy levels and inclusion levels is decreasing, from 38.16 percent in 2019 to 35.42 percent in 2022,” he said.

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For your information, OJK’s National Financial Literacy and Inclusion Survey (SNLIK) will be conducted from July to September 2022 in 34 provinces covering 76 cities/regencies with a total of 14,634 respondents aged between 15-79 years.

Source: Suara.com – Berita Terbaru Bisnis, Ekonomi, Investasi Indonesia by www.suara.com.

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