Digital Economy Will Speed up Indonesia's Growth Rate: OJK

    Wahyu Dwi Anggoro - 11 June 2021 15:28 WIB
    Digital Economy Will Speed up Indonesia's Growth Rate: OJK
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    Jakarta: Digital economy will speed up Indonesia's growth rate as various digital platforms continue to develop, including those in the financial services sector, according to Head of the Board of Commissioners of the Financial Services Authority (OJK) Wimboh Santoso. 

    "There are many developing digital platforms in the financial sector and they all will continue to boost our economic growth in this digital era and will also strengthen our competitiveness so we will be the key player in our own country," Wimboh told the press after a limited meeting on the downstream process of digital economy led by President Joko Widodo (Jokowi) in Jakarta on Thursday, as quoted from the Cabinet Secretariat's website.


    According to Wimboh, Indonesia’s digital economy potential is also supported by its 270.2 million population from Sabang to Merauke.

    Since 2017, his agency has been planning for digital transformation acceleration in the financial services sector. 

    Wimboh went on to say that his agency has had a masterplan to digitalize the financial services sector, a part and parcel of the national digital economy development. 

    According to him, digitalization will provide better, more affordable, faster, and easier services and cover a wider area. 

    For the record, to date as many as 146 fintech lending companies have been registered with and authorized by the OJK, but many other entities have neither been registered nor authorized. 


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