"By 2024, we believe that financial inclusion can reach the 90-percent target. With the presence of digitalization, we want to convey that all students at junior high school must enter the digital savings ecosystem," Santoso said at the online OJK Virtual Innovation Day 2021 commemoration, which was accessed from Jakarta on Monday.
Financial inclusion was recorded to have increased to 76.19 percent in 2019 from 67.08 percent in 2016, he noted.
The OJK has issued a policy related to digital banks to provide space for banks that want to enter the digital ecosystem, he said.
With this, the OJK also hopes that banks can develop digital-based products and services, both for large, medium and small scale banks, including rural credit banks (BPR), he added.
In addition, the OJK will continue to encourage the development of technology-based insurance products or insurtech, Santoso informed.
The OJK will also continue to encourage MSME (micro, small, and medium enterprise) players to go digital, he said.
"We are building an ecosystem so that MSMEs can benefit from the presence of digitalization and we have started with peer-to-peer lending, which provides greater benefits," he added.
Through financial technology in the form of peer-to-peer lending, the public could also carry out crowdfunding, Santoso said.
MSMEs will also have greater access to cheaper and faster financing, he added.
"In terms of product marketing, we also want to bring MSMEs to the e-commerce ecosystem, so we created an MSME Campus to help them enter the e-commerce ecosystem, which can make them sell products all over the world," Santoso said.
Earlier, Communication and Informatics Minister's Special Staff for Human Resource Development, Dedy Permadi, had underlined the need for developing human resources or digital talent in the era of digital transformation.
"We know that the world is moving very fast for digital transformation," he said at a press conference on 'Digital Talents Development for the Acceleration of Digital Economy Downstreaming' on Friday.
He cited a report from the World Economic Forum, which has said that due to the rise of technology, it is estimated that by 2025, there will be 85 million job cuts, especially in repetitive jobs.
On the flip side, due to the development of technology, it is estimated that 97 million jobs will emerge by the same year, he said.
Today, several jobs have emerged due to the development of technology, for example, data scientists, big data specialists, and artificial intelligence specialists, he added.
"In response to this, the government needs to move quickly," he remarked.
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Translator: Sanya Dinda, Azis Kurmala
Editor: Sri Haryati
Copyright © ANTARA 2021
