Jakarta (ANTARA) - Coordinating Economic Affairs Minister Darmin Nasution pointed to the quality of human resources emerging as a challenge in the development of financial technology (fintech) in Indonesia.

"The government has anticipated problems that might crop up in the development of financial technology while opening the space for innovation," Nasution remarked during the Indonesia Fintech Forum 2019 held here on Wednesday.

In 2020, the government will focus on the development of education and vocational training to enhance the quality of human resources as a future investment for the nation.

"Digital economy is set to redefine the future of work. Some remain, and some have just been born. Fintech is an area where future jobs are being created," he pointed out.

Indonesia's digital economy has shown rapid growth, with online transactions in 2018 amounting to Rp47.16 billion, or a 281.39 percent increase, as compared to Rp12.38 billion worth of online transactions in 2017. The government's support is elicited to offer facilities for fintech to drive further growth through innovation.

Nasution affirmed that qualified human resources will facilitate the government in providing supporting facilities for fintech, such as big data and other technological innovation. Related news: OJK to work jointly with Singapore, Japan, Malaysia on fintech

Related news: Investment Task Force suspend operation of 168 illegal fintech firms


Translator: Astrid FH, Sri Haryati
Editor: Fardah Assegaf
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