NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Financial inclusion is a challenge for most developing countries.

Any effort made to increase the accessibility and affordability of financial products and services for both individuals and businesses can help boost financial inclusion for a country.

Indonesia – through various studies and surveys – has learned that cashless transactions or e-payment systems have bolstered its financial inclusion last year.

According to a report, digital wallets are the third most utilized payment system in the country despite setbacks in regulatory procedures.

Photo courtesy of lau rey.