Advancing financial #inclusion for #Indonesian #women

Commonwealth Bank and Mastercard announced a collaboration to better financial inclusion for Indonesian women. This collaboration will have three key pillars: enhancing formal networks by knowledge exchange among women-owned businesses, innovating through new digital learning tools and investing in research. Early in 2017, Indonesia’s Financial Services Authority (OJK) released a research showing that Indonesia’s financial literacy and inclusion indices stood at 29.66% and 67.82%. OJK called upon the industry to implement inclusion programmes to achieve their target of 75% for the financial inclusion index by 2019. Commonwealth Bank and Mastercard will help drive the growth of women-owned businesses by educating them about customer and market trends. Additionally, both will invest in research to continue the conversation about financial inclusion.