Business · Economy · 2 hrs ago

About 25 Million Indonesian Adults Have No Bank Account

About 25 Million Indonesian Adults Have No Bank Account

Indonesia’s deposit insurance agency estimates that about 25 million people over 17 have no bank account.

The agency, known as LPS, said the figure is being used to help the government plan how to expand access to bank accounts.

The government’s One Person One Account program aims to increase account ownership.

LPS is supporting the program by coordinating with relevant ministries and agencies.

That work includes aligning data and the criteria for people who may take part.

The effort is intended to reach people without formal financial services.

The coordination is part of the government’s plan to bring more people into the banking system.

1 source

Related

What people are saying

Anggito AbimanyuIndonesia Deposit Insurance Corporation chairman
LPS supports implementation of the program through coordination with relevant ministries/agencies, particularly in aligning data and criteria for prospective participants.
via CNBC Indonesia
The number of residents over 17 who do not have an account is around 25 million.
via CNBC Indonesia