How the Rise of AI in Indonesia is Expanding Financial Inclusion
Indonesia is undergoing a significant digital transformation, with over 280 million people and widespread smartphone usage, resulting in high connectivity. Internet penetration reached 79% in 2024, and financial inclusion has surged from 49% in 2014 to 83% in 2023, thanks to advancements in fintech.
This growth is also linked to Indonesia's thriving digital economy, with projections estimating gross merchandise value could reach $200-360 billion by 2030. AI, particularly in financial services, is driving much of this progress, improving fraud detection, risk assessments, and customer experiences. However, the rise of AI also requires balanced regulation to address privacy, cybersecurity, and bias concerns.