SNLIK is aimed at mapping the Indonesian community’s financial literacy and inclusion indexes, including digital financial literacy.

Jakarta  Indonesia’s financial inclusion index has risen to 85.10 percent in 2022 from 76.19 percent in 2019, the Financial Services Authority (OJK) has said.

The Indonesian community’s financial literacy index has also increased to 49.68 percent in 2022 from 38.03 percent in 2019, a member of the OJK’s board of commissioners for education and consumer protection, Friderica Widyasari Dewi, said in Jakarta on Saturday.

The new financial literacy and inclusion indexes are based on the National Survey on Financial Literacy and Inclusion (SNLIK) 2022.

“SNLIK is aimed at mapping the Indonesian community’s financial literacy and inclusion indexes, including digital financial literacy,” she said during the Financial Inclusion Month (BIK) closing ceremony at the Financial Expo (FinExpo) in Jakarta.

The process of collecting data for SNLIK 2022 began in July and ended in September. The survey covered 34 provinces, 76 cities and districts, and 14,634 respondents aged between 15 and 79 years. It was conducted using the face-to-face interview method with the help of computer-assisted personal interviewing (CAPI).

Dewi expressed the hope that the results of SNLIK will serve as the basis for the OJK and all stakeholders in making policies, formulating strategies, and designing financial products and services that align with consumer needs and help increase public protection.

Source: ANTARA News