Here, Internet Access Progresses Hand-in-Hand with Financial Inclusion

Increased access to the Internet across Indonesia is coinciding with financial growth for millions.

“Indonesia’s journey illustrates how technology can be harnessed for inclusive growth,” explains Vincent Henry Iswaratioso, Co-Founder and Chief Executive Officer of DANA, an Indonesian fintech platform serving over 190 million users.

Of course, the rise of digitalization is a global phenomenon. Still, Indonesia, in particular, stands out as a country that has created both a surging digital economy and various supportive government policies. As of 2024, the Internet had officially reached approximately 79 percent of the population. Only a decade ago, however, nearly half of Indonesia’s adult population remained without a banking institution. In 2014, financial inclusion stood at only 49 percent but had risen to 83 percent by 2023, largely thanks to increased access to the Internet. In other words, this leap would be like adding Switzerland’s population seven times over to Indonesia’s banking system. These goals align with Indonesia’s long-term project – Indonesia Vision 2045 – which hopes for an advanced, inclusive, and sustainable economy.