OJK: Finance Inclusion Takes Time to Realize
21 December 2014 21:14 WIB
TEMPO.CO, Jakarta - Financial Service Authority’s (OJK) board of commissioners chairman Muliaman D. Hadad said the his institution has set a target to achieve inclusive finance by 75 percent within three or four years. Muliaman hopes that the branchless financial services can achieve the target.
“We want [the finance inclusion] to be 100 percent, but it would take time. We’re hoping to achieve 75 percent of finance inclusion in mid-term, and 100 percent in the long run,” Muliaman said on Saturday, December 20, 2014.
Finance inclusion is a government effort aimed to eliminate any form of barriers for people to utilize financial services. With such branchless services, Muliaman said, banks would not need to open branch offices, but to assign agents to provide financial services for people. The agents would serve as access provider for public to formal financial industries.
“Therefore, inclusion and access would be improved,” Muliaman added.
KHAIRUL ANAM