E-WALLET APPLICATION PENETRATION FOR FINANCIAL INCLUSION IN INDONESIA

Indonesia is an archipelago country with more than 270 million inhabitants spread across urban and rural regions. This makes digital payment penetration a challenge in itself. Private and government e-wallet service providers have sought to increase the use of cashless services to address structural...

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Main Author: Ciptarianto, Augi
Format: Theses
Language:Indonesia
Online Access:https://digilib.itb.ac.id/gdl/view/63483
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Institution: Institut Teknologi Bandung
Language: Indonesia
id id-itb.:63483
spelling id-itb.:634832022-02-15T16:36:14ZE-WALLET APPLICATION PENETRATION FOR FINANCIAL INCLUSION IN INDONESIA Ciptarianto, Augi Indonesia Theses Digital Payment, Indonesia, Penetration, Financial Inclusion INSTITUT TEKNOLOGI BANDUNG https://digilib.itb.ac.id/gdl/view/63483 Indonesia is an archipelago country with more than 270 million inhabitants spread across urban and rural regions. This makes digital payment penetration a challenge in itself. Private and government e-wallet service providers have sought to increase the use of cashless services to address structural deficiencies in the country's economy, such as poor financial inclusion and heavy reliance on manual remittances. This study discusses penetration problems that occur in the e-wallet industry and formulates the right strategy so that the use of digital payment platforms can be carried out evenly in all regions of Indonesia. This study notes that technology enablement such as smartphone and internet penetration does not correlate with e-wallet penetration. Many underlying factors affect the penetration, such as key driving forces, infrastructure readiness, and people’s perception of the safety and security of mobile transactions. Bank Indonesia and e-wallet providers have the responsibility to educate the public, ensure the readiness of supporting infrastructure, as well as synergize between regulators through the BI master plan. text
institution Institut Teknologi Bandung
building Institut Teknologi Bandung Library
continent Asia
country Indonesia
Indonesia
content_provider Institut Teknologi Bandung
collection Digital ITB
language Indonesia
description Indonesia is an archipelago country with more than 270 million inhabitants spread across urban and rural regions. This makes digital payment penetration a challenge in itself. Private and government e-wallet service providers have sought to increase the use of cashless services to address structural deficiencies in the country's economy, such as poor financial inclusion and heavy reliance on manual remittances. This study discusses penetration problems that occur in the e-wallet industry and formulates the right strategy so that the use of digital payment platforms can be carried out evenly in all regions of Indonesia. This study notes that technology enablement such as smartphone and internet penetration does not correlate with e-wallet penetration. Many underlying factors affect the penetration, such as key driving forces, infrastructure readiness, and people’s perception of the safety and security of mobile transactions. Bank Indonesia and e-wallet providers have the responsibility to educate the public, ensure the readiness of supporting infrastructure, as well as synergize between regulators through the BI master plan.
format Theses
author Ciptarianto, Augi
spellingShingle Ciptarianto, Augi
E-WALLET APPLICATION PENETRATION FOR FINANCIAL INCLUSION IN INDONESIA
author_facet Ciptarianto, Augi
author_sort Ciptarianto, Augi
title E-WALLET APPLICATION PENETRATION FOR FINANCIAL INCLUSION IN INDONESIA
title_short E-WALLET APPLICATION PENETRATION FOR FINANCIAL INCLUSION IN INDONESIA
title_full E-WALLET APPLICATION PENETRATION FOR FINANCIAL INCLUSION IN INDONESIA
title_fullStr E-WALLET APPLICATION PENETRATION FOR FINANCIAL INCLUSION IN INDONESIA
title_full_unstemmed E-WALLET APPLICATION PENETRATION FOR FINANCIAL INCLUSION IN INDONESIA
title_sort e-wallet application penetration for financial inclusion in indonesia
url https://digilib.itb.ac.id/gdl/view/63483
_version_ 1822004322243706880