Tag: Indonesia

News

Eye Level Indonesia Enhances Teaching Excellence with Instructor Support Program (ISP) Batch 2 Launch

Jun 18, 2024 by Sujata Muguda 0 Comments #Eye Level curriculum and maintain, #Eye Level Indonesia, #Eye Level Indonesia Enhances Teaching Excellence, #Indonesia, #Instructor Support Program (ISP) Batch 2 Launch, #ISP Batch 2, #JAKARTA

JAKARTA, Indonesia, June 18, 2024  — Eye Level Indonesia proudly announces the successful implementation of the Instructor Support Program (ISP) Batch 1 in 2024. This routine program lasted for three months and involved 22 instructors who have now successfully obtained certification.

Photo-Press-Release-ISP

ISP is an annual certification program for all Eye Level instructors across Indonesia. The program is conducted online, providing a series of instructional videos for instructors to watch and learn from. Following this, Instructors are tested by taking assessments to evaluate their understanding and proficiency in using Eye Level’s certification materials. The goal of this program is to ensure that instructors grasp the Eye Level curriculum and maintain consistent, high-quality teaching practices in accordance with established standards.

The success of ISP Batch 1 is a proof to Eye Level commitment to consistent and standardized educational quality. Eye Level is also very proud of the dedication and enthusiasm shown by the Batch 1 instructors, who have successfully met all established criteria and standards. These instructors are now prepared to deliver the best education to Eye Level students.

Building on this success, Eye Level has prepared ISP Batch 2, scheduled to run from late June to August 2024. Eye Level targets 30 instructors to participate in Batch 2. All information regarding ISP Batch 2, including registration schedules, procedures, and activities, will be communicated to all learning centers before the program begins.

News

Leading Indonesian digital bank, Jenius chooses Perx to transform its customer engagement strategy

Jun 11, 2024 by Sujata Muguda 0 Comments #Anna Gong, #Bank BTPN, #Febri Rusli, #Indonesia, #Indonesian digital bank, #Jovin Shen, #PT Bank BTPN Tbk

SINGAPORE, June 11, 2024 — PT Bank BTPN Tbk (Bank BTPN) is spearheading the bank’s mobile-led consumer banking services with its flagship Jenius, as pioneer of digital banking in Indonesia.

Perx-June-11-Release

Jenius has partnered with Perx Technologies to transform traditional banking experiences that are purely driven by needs and wants to a fun and game-like experience.

By introducing the concepts of gamification and instant gratification into every day personal banking experiences the Perx Loyalty Engagement Platform and Jenius aim to transform and uplift the quintessential thought relationship a consumer has with his or her lifestyle banking needs.

With a diverse array of rewarding experiences, gamified savings milestones and a personalized loyalty program that keeps rewarding customers for their every action, Jenius aims at driving positive behavioral hacks into the community such as building a nest egg or better managing impulsive spending habits with full transparency.

Moving away from existing as ‘just another digital bank’ and transforming into a financial solution for the digital savvy audience Jenius aims to engage its customers beyond their regular banking needs by becoming an enabler to the lifestyle choices its customers make daily.

At the core of this partnership lies the goal to drive maximum customer lifetime value through a dynamic and rewarding loyalty program, mobile customer journeys studded with instant gratification and gamification allowing the bank to nudge and influence positive customer behavior.

Driving this customer experience focused personal banking model is an engagement strategy that is continuous and non-transactional. Powering this strategy through the various mobile-first services Jenius offers is the Perx Loyalty Engagement Platform.

“As a digital native bank, the app experience is paramount to Jenius’ success. By collaborating with Perx, we are able to leverage innovative technology to provide a fun, personalized, and rewarding experience across all customer touchpoints throughout their entire customer journey. This is essential to create retention, engagement, and customer-first service experience – which is ultimately what sets us apart from others in the industry,” said Febri Rusli, Digital Banking Product & Innovation Head at Bank BTPN.

“In the experience economy, digitally savvy consumers expect personalized and meaningful interactions that keep them excited enough to return. We are delighted to deliver these ‘Aha moments’ in every customer journey a Jenius customer will experience going forward. We are thrilled to partner with Bank BTPN to create and deliver an engaging customer experience for everyone served by Jenius in Indonesia.” said Anna Gong, Founder and CEO, Perx Technologies.

“Jenius is embarking on one of the most exciting customer experience transformation projects I have seen and delighted that Jenius chose to partner with Perx.” said Jovin Shen, Global Sales Director at Perx Technologies.

Business

The Westin Surabaya Introduces the Next Generation Heavenly® Bed

Jun 11, 2024 by Sujata Muguda 0 Comments #A leading wellness brand in the world of hospitality, #Indonesia, #Marriott Bonvoy portfolio, #Next Generation Heavenly® Bed, #SURABAYA, #The Westin Surabaya

SURABAYA, Indonesia, June 11, 2024– As a leading wellness brand in the world of hospitality, Westin Hotels & Resorts, which is part of the Marriott Bonvoy portfolio, launched the latest generation of Heavenly® Bed. In line with its goal of strengthening its tradition of providing guests with a deep and refreshing sleep experience, Westin is renewing the higher standards implemented in more than 240 Westin Hotels & Resorts throughout the world, including in Surabaya. Now, the Next Generation Heavenly® Bed is here and can be enjoyed at The Westin Surabaya.

Westin-Next-Generation-Heavenly-Bed

Since its first launch in 1999, Heavenly® Bed is now proof of Marriott International’s commitment to providing the best sleeping experience for guests throughout the world. Brian Povinelli, Senior Vice President and Global Head of Marketing and Brand, Marriott International explained, “Understanding the devoted fanbase the legacy bed has garnered over the years; our goal was to listen and carefully review every aspect of the guest and associate experience, ensuring each update was both intentional and impactful. We are confident that it will exceed the expectations of both loyal and future Westin guests across the globe and again raise the bar for the comfort of our guests.”

The Westin Surabaya has replaced the previous all-white version, becoming the Heavenly Bed with a new charcoal colored blanket design and full-frame piping on pillowcases to provide a warm feel and a cloud-like appearance. The richly woven blanket features a tone-on-tone pattern inspired by the brand’s biophilic design principle and serves as both an added layer of warmth and a beautiful residentially inspired coverlet. Additional design updates include sateen linens with natural matte finish and the removal of the bed skirt and bolster pillow, reflecting a more modern sleep experience and guest input.

Business

Cinema XXI Partners with TUKR to Implement One of the Environmental Sustainability Initiatives

Jun 8, 2024 by Sujata Muguda 0 Comments #Adhi Putra Tawakal, #Cinema XXI, #Cinema XXI Partners, #Environmental Sustainability Initiatives, #Indonesia, #JAKARTA, #PT Nusantara Sejahtera Raya Tbk, #Ricky, #TUKR

JAKARTA, Indonesia, June 8, 2024 — PT Nusantara Sejahtera Raya Tbk (Cinema XXI) solidifies its commitment to contribute to the advancement of sustainability through various initiatives that generate positive impacts on the environment and society. Cinema XXI rolls out its sustainability program in phases as part of a larger transition towards cleaner energy. The company hopes that taking this positive step will support the implementation of the principles of circular economy in the long run.

image-5031434-18054356

(Left to Right) Acting Head of Cinema Operations at Cinema XXI, Ricky Samsoedin; sustainability analyst and lecturer in environmental engineering at the Faculty of Technology, University of Indonesia, Aulia Qisthi; and Head of Brand & Partnership at TUKR, Adhi Putra Tawakal at the media briefing on the partnership between Cinema XXI and TUKR in environmental sustainability initiative, Plaza Indonesia XXI, Jakarta (June 5, 2024).

Acting Head of Cinema Operations at Cinema XXI, Ricky Samsoedin, stated that, in running its business and operations, Cinema XXI always strives to apply sustainability principles. “We believe that every individual and company can participate in the efforts to achieve sustainability. Therefore, although Cinema XXI’s business is not directly related to activities that have a direct impact on the environment, the company is steadfast in playing its role in conserving and protecting the environment,” Ricky said.

Ricky explained that, since November 2023, Cinema XXI has been running a used cooking oil collection program through a partnership with TUKR, an Indonesian company that collects used cooking oil as a biofuel feedstock. “The used cooking oil that is generated from the food production at Cinema XXI is collected by TUKR as a feedstock in the production of biofuel, a source of energy that is more environmentally friendly compared to fossil fuel. Gradually, all cinema locations of Cinema XXI will participate in the used cooking oil collection program,” Ricky said.

This step, Ricky stated further, is in line with the company’s commitment to maintaining the quality of the Food and Beverage products served to the consumer. “In using the cooking oil, we ensure that it is in its best state, such as indicated by its color, where it isn’t dark or murky. On the other hand, we also take measures to prevent the used cooking oil from harming the environment, which would still be valuable in the recycling process,” Ricky added.

Moreover, Ricky shared that Cinema XXI is always using safe and environmentally friendly packaging for its line of Food and Beverage products. “Cinema XXI has also started using biodegradable materials that degrade more easily in nature and can still be recycled. Furthermore, Cinema XXI also uses food ingredients that have high quality and are healthier, such as Non-Genetically Modified Organism (Non-GMO) corn kernels for its popcorn, organic coconut sugar, and trans-fat-free oil for its popcorn,” Ricky explained.

TUKR Head of Brand & Partnership, Adhi Putra Tawakal, commented that the collaboration with Cinema XXI in the initiative to collect used cooking oil is aimed at making a positive impact on the environment and society. “We at TUKR are grateful to be trusted by Cinema XXI as their partner in the initiative towards sustainability. We certainly hope that more businesses and individuals will be motivated to take a similar initiative to realize a better and healthier Indonesia, even the world,” Adhi said.

According to a report from TUKR, from November 2023 to March 2024, 209 of Cinema XXI’s cinema locations participated in the used cooking oil collection program, achieving a total volume of 52,766 kg. In effect, based on a number of research and data, Cinema XXI would contribute to around 175,027 kg of greenhouse gas savings, prevent water pollution of up to 52 million liters, and protect the health of over 52,766 members of society.

“The commitment of Cinema XXI to sustainability is in line with TUKR’s mission to optimize the value of used cooking oil as a fuel that is cleaner and friendlier to the environment. TUKR’s mission is supported by a certification from the International Sustainability & Carbon Certification (ISCC) which TUKR has earned and serves as a guarantee that the used cooking oil from Cinema XXI will meet the high standards of sustainability set by the European Union. This ISCC certification opens access to the European biodiesel market for the used cooking oil from Cinema XXI, making it highly competitive and earning it an opportunity to be a part of the sustainable energy production and value chain,” Adhi stated.

Aulia Qisthi, a sustainability analyst and lecturer in environmental engineering at the University of Indonesia’s Faculty of Technology, expressed her appreciation for the steps taken by Cinema XXI in their sustainable programs for the environment. “Environmental protection and sustainability are our collective responsibility. It is therefore important that all parties take part in the efforts to achieve that, which can start with simple things that are around us,” she said. Aulia added that all stakeholders need to be involved, from the government, businesses, to the public at large, in supporting and adopting sustainable initiatives for the collective good of ours in the present and the future.

Business

Zoomcar launches in Indonesia and Vietnam- announces appointment of country heads

Sep 22, 2021 by Rekha Nair 0 Comments #CEO & Co-Founder Zoomcar, #Country Head, #Greg Moran, #Indonesia, #Kiet Pham, #Leo Wibisono Arifin, #Vice President, #Vice President & Country Head, #Vietnam

India: Zoomcar, the largest car sharing marketplace covering emerging markets today announced the launch of their operations in Indonesia and Vietnam. Zoomcar, which dominates the self-drive car rental market in India, has expanded to other Southeast Asia markets following their recent entry into Philippines and Egypt and appointed country heads in Indonesia and Vietnam to help scale their business.

As the Vice President & Country Head, Leo Wibisono Arifin will lead Zoomcar’s operations in Indonesia. Prior to joining Zoomcar, Leo worked for Indonesia’s largest tech company GOJEK as the Head of Strategy. Leo has a proven track record in growing a multimillion dollar cross-product P&L outside Jakarta, leading and building a high performing team which consists of >100 multidisciplinary professionals and leading company-wide major business turnaround, profitability improvement and growth initiatives. Leo joins Zoomcar to expand its mission in revolutionizing mobility sector in Indonesia, the largest SEA country that is also known as Digital Archipelago.

Kiet Pham - Vice President & Country Head in Vietnam
Kiet Pham – Vice President & Country Head in Vietnam

Kiet Pham joins Zoomcar as the Vice President and Country Head for the company’s expansion into Vietnam. Kiet previously has held senior management positions in companies like GOJEK, OYO and Nielsen. Kiet strongly believes in innovation as a vehicle for sustainability and is committed to making positive impacts to communities and organizations that he is a part of, through innovation.

Leo and Kiet come with over a decade’s experience and their expertise in start-up management will prove vital in establishing Zoomcar as the first-to-market car-sharing platform in Indonesia and Vietnam.

Commenting on Zoomcar’s international expansion and appointment of new country heads Greg Moran, CEO & Co-Founder Zoomcar said, “At Zoomcar, we have always been focused on personal mobility and with our recent entry into Philippines and Egypt we are happy to announce our foray into other Southeast Asia markets. Indonesia and Vietnam have low levels of vehicle ownership but large, upwardly mobile populations creating a perfect opportunity for us to leverage. We are thrilled to welcome Leo and Kiet as our new country heads and look forward to benefiting from their experience of scaling up aggressively and building synergistic partnerships contributing to our growth in Indonesia and Vietnam.

About Zoomcar

Zoomcar launched India’s first personal mobility platform in 2013, and today is the market leader in the car sharing ecosystem with over 7,000 cars on its platform with a presence across 5 countries. Zoomcar allows users to rent cars by the hour, day, week, or month. Headquartered in Bangalore, Zoomcar employs over 300 people and operates in 50+ cities across India. In 2020, Zoomcar launched Zoomcar Mobility Services, the Company’s enterprise SaaS based mobility solutions offering covering white-labelled subscription services and IoT based driver behavior monitoring solutions. Zoomcar is the largest car sharing marketplace covering emerging markets

Business World

Lionsgate Play Forms Strategic Partnership with Telkomsel in Indonesia

Mar 27, 2021 by Neel Achary 0 Comments #General Manager, #Guntur Siboro, #Indonesia, #Lionsgate Play, #Lionsgate Play Indonesia, #Managing Director of South Asia and Networks - Emerging Markets Asia, #Rohit Jain

Hyderabad: On the heels of the January announcement of its plan to launch in Indonesia, Lionsgate Play, the South Asia-based streaming platform of global premium subscription service STARZ, has formed a multifaceted strategic partnership with leading digital telecommunication company Telkomsel, the two companies announced today.

Under the terms of the agreement, Telkomsel subscribers will be able to access blockbuster Lionsgate franchises such as “The Hunger Games,” “The Twilight Saga,” and “Now You See Me,” popular Lionsgate and STARZ television series like “Mad Men”, “Power” and “The Spanish Princess,” Academy Award®-winning films from other studios including “The Aviator” and “Babel,” and first-in-Indonesia original series through multiple options ranging from Data Pack Linked Access and Premium Data Bundle to Direct Carrier Billing. The premium bundle will be packaged with data quota from Telkomsel, all at an affordable price. Telkomsel subscribers can soon enjoy this premium offer very soon.

Telkomsel subscribers will get a sneak preview of Lionsgate Play’s deep library of blockbuster movies via Maxstream, Telkomsel’s video application. MAXstream has progressively established itself as the biggest video marketplace and home of entertainment in Indonesia. Telkomsel subscribers will have an opportunity to watch even more #sinemaspektakuler movies with every Gigamax and Maxstream data pack purchase in MyTelkomsel-Gigamax data packages, beginning with 3-day data packs MAXstream Add-ons and MAXstream Gala.

“We are delighted to partner with Telkomsel, a leading digital telecommunications company in Indonesia with tremendous reach and distribution expertise to expand Lionsgate Play’s offering of compelling, exceptionally curated premium content and a great user experience to all of our shared customers. Our partnership is another affirmation of the enormous role that telcos are playing in shaping the digital age of content,” said Rohit Jain, Managing Director of South Asia and Networks – Emerging Markets Asia.

Nirwan Lesmana, Vice President Digital Lifestyle Telkomsel excitedly welcoming the partnership with Lionsgate Play, “We are very excited about this collaboration. As a leading digital telco company in Indonesia, Telkomsel is committed to consistently provide customer-centric digital lifestyle services and becoming the home of entertainment for the Indonesian people that will open up more access to world-class digital entertainment. Blockbusters movies from Lionsgate Play would further accommodate the needs and demands of our customers and increase our customers’ experience in enjoying #sinemaspektakuler content through MAXstream platform, with the support of best digital connectivity that further will enrich Telkomsel’s digital lifestyle ecosystem.”

“We believe in giving Indonesian customers the best viewing experience with varied accessibility options, and there is no better way to do that than with an innovative partner like Telkomsel who truly understands the Indonesian customer” said Guntur Siboro, General Manager, Lionsgate Play Indonesia. “This collaboration is just the beginning, with even more exciting developments with Telkomsel planned for the coming months. Stay tuned!”

Health, News

Experts from Indonesia, Bangladesh and India discuss on People, Pandemic and Public Health at SD Gupta School of Public Health

Jan 28, 2021 by Rekha Nair 0 Comments #Dr. Chandrakant Lahariya, #Dr. PR Sodani, #Dr. YodiMahendradhata, #Faculty of Medicine, #IIHMR University, #Indonesia, #National Professional Officer of World Health Organization in India, #President, #Public Health and Nursing, #UniversitasGadjahMada, #Vice Dean for Research and Development

Jaipur: The year 2020 has brought everyone’s attention, including the policymakers and public healthcare specialists, towards health as the pandemic brought a massive change in strengthening the entire health ecosystem. COVID-19 is not the first Pandemic experienced, in fact in the last 12 years there have been 6 disease conditions declared as Procedures Concerning Public Health Emergencies (PHEIC). Hence, there is a need for more robust public healthcare systems that reflects on health system preparedness and how we address it. Experts from India, Indonesia and Bangladesh shared their insights at a webinar conducted by SD Gupta School of Public Health at IIHMR University Jaipur on ‘People, Pandemic and Public Health – Reflections for Strengthening Health Systems’. 

Eminent speakers such as Dr. Chandrakant Lahariya, National Professional Officer, WHO and the lead author of Till We Win: India’s Fight Against COVID-19 Pandemic along with other panellists, Dr. YodiMahendradhata, Vice Dean for Research and Development, Faculty of Medicine, Public Health and Nursing, UniversitasGadjahMada, Dr. Malabika Sarkar, Director of Research & Lead Center of Excellence for Science of Implementation and Scale-Up, Bangladesh Rural Advancement Committee (BRAC ) James P Grant School of Public Health, Dhaka, Bangladesh, Padma Shree recipient, Padmashree Dr. Chandrakant S. Pandav, Former Professor &Head, Centre for Community Medicine at the All-India Institute of Medical Sciences (AIIMS), New Delhi shared their insights. Dr. D.K.Mangal, Dean Research, IIHMR University, moderated the session.

Dr. PR Sodani, President, IIHMR University, said, “A healthy future can only be attained by emphasizing on public policy and by putting wellbeing and health at its epicentre. One must focus on the process of gathering evidence, draw suggestions, assess the approaches, summarize and then conclude to bring out the right outcome in public health. This webinar focused on the preparedness for a future crisis, stresses on the challenges and their equivalent solutions in public health and how populations can be made healthier for future resilience. COVID-19 has given us lessons to learn how to convert the challenges into opportunities.”

Dr. Chandrakant Lahariya, National Professional Officer of World Health Organization in India and the lead author of a recently released book titled “Till We Win: India’s Fight Against the COVID-19 pandemic,” said, “The COVID-19 pandemic has taught us the importance of people’s participation and community engagement for a healthy society, this could be seen in a case of Dharavi Mumbai. The medical care system based upon hospitals and treating the sick only is not enough. We need a strong public health system to ensure diseases are prevented and a healthy lifestyle promoted. There is a need to transform the medical care system into the healthcare system by strengthening the public health system. 1 in 8 persons in India is suffering from a mental health condition and the Pandemic has taught us to focus on this issue.”

Dr. YodiMahendradhata, Vice Dean for Research and Development, Faculty of Medicine, Public Health and Nursing, UniversitasGadjahMada, Indonesia said, “We need to take stock of opportunities that COVID-19 Pandemic has thrown at us. This pandemic has given us an opportunity for an equitable health system and has put this issue in the forefront. Building a strong healthcare delivery system through telemedicine and telehealth and COVID-9 has accelerated their use. This has majorly helped the healthcare workers in Indonesia with no personal involvement or virtually. There is much more attention given to the health of healthcare professionals including their mental health and well-being. Capacity building and training of healthcare professionals have increased due to the COVID-19 pandemic. COVID-19 also pointed out that Health Research and innovations are no longer a luxury but are a necessity. These opportunities must be taken up and must be actioned for a better public healthcare system.” 

Speaking on the various opportunities and challenges faced during the Pandemic in Bangladesh Dr. Malabika Sarkar, Director of Research & Lead Center of Excellence for Science of Implementation and Scale-Up, Bangladesh Rural Advancement Committee (BRAC) James P Grant School of Public Health, Dhaka, Bangladesh said, “The COVID-19 pandemic has made the country explore opportunities and challenges as the country does not have a very structured health system. Telemedicine is an opportunity well explored by the country with a population of 165 million 162 million use mobile phones however, lack of connectivity is a big challenge. There is a great disparity in the doctor to the population ratio. 60% of the mortality in Bangladesh is due to communicable diseases. The discontinuity of maternal & child health, including non-communicable disease care, increases the vulnerable population’s burden. Government is engaging the Non-Government organisation which is an opportunity. Strengthening the community clinic is important where developing primary healthcare channels are important.”

Dr. Malabika expressed, the ongoing disruptions of essential health services are the most critical challenge for the health system. Dr. SD Gupta School of Public Health can focus on emerging alternative strategies such as telemedicine using phone or internet, triaging to determine priorities, and online supply of drugs indicate the human being’s resilient nature.

The webinar explored that there is an urgent need for interlinking People, and Public Health and transformation of healthcare systems by working with key stakeholders. SD Gupta School of Public Health (SDG-SPH) can be instrumental to make policy interventions for better interlinking of stakeholders to bridge the gaps between education and practices of public health across the globe.

Business World

HDFC Bank is numero uno in Indian Financial Sector: Asiamoney Poll

Nov 5, 2020 by Gouri Achary 0 Comments #China, #HDFC Bank, #Hong Kong, #India, #Indonesia, #Korea, #Malaysia, #Most Outstanding Company, #Mr. Srinivasan Vaidyanathan, #Pakistan, #Philippines, #Singapore, #Taiwan, #Thailand, #Vietnam

HDFC Bank Ltd. has been voted ‘Most Outstanding Company – Financial Sector’ in India, in a poll conducted by the well-known publication Asiamoney. Over 824 fund managers, buy-side analysts, bankers and research analysts voted across 12 markets in Asia.

More than 4,000 votes were received for publicly listed companies. Asiamoney asks participants in the poll to consider the company’s overall performance including its financials, management team, IR activities and CSR initiatives.

Known as Asia’s Outstanding Companies Poll, it aims to identify and recognise listed companies in 2 categories: by country and by sector. HDFC Bank has bagged this honour for the 2nd consecutive year.

The 12 markets covered were China, Hong Kong, India, Indonesia, Korea, Malaysia, Pakistan, Philippines, Singapore, Taiwan, Thailand and Vietnam.

Business World

Over 50% of internet users in Asia will be using digital financial services by 2025

Oct 31, 2020 by Neel Achary 0 Comments #Cambodia, #Digital Financial Services, #India, #Indonesia, #Internet Users, #Philippines, #Southeast Asia, #Sri Lanka, #Thailand, #Unafinancial, #Vietnam
Analysts of the international fintech holding UnaFinancial revealed that more than half of internet users in the developing countries in South and Southeast Asia will be using digital financial services by 2025. Besides, by 2027 even digitally underdeveloped countries in the region will provide access to the Internet and digital technologies to 85% of the population.
The research considered the penetration of digital financial services in Cambodia, India, Indonesia, Laos, Myanmar, the Philippines, Sri-Lanka, Thailand, and Vietnam.
As the development of online financial services largely depends on access to the Internet, the analysts made a forecast of the maximum Internet penetration for each country first. This level can be as high as 81-85% depending on the age structure of the population.
UnaFinancial
Taking into account the Internet penetration rate of the previous years, as well as the government measures towards digitalization and the impact of Covid-19, the analysts have predicted that Thailand, Vietnam, Indonesia, Philippines, Cambodia, India, and Sri Lanka will reach the maximum possible Internet penetration of 81-85% by 2025. The two remaining countries, Laos and Myanmar, will reach this level in 2027.
Given the year of the maximum Internet level for each country, the experts estimated the penetration of digital financial services. The forecast considered the share of the population having online financial accounts and the increase of financial inclusion during the previous years.
It revealed that in most countries, more than 50% of internet users will be using digital financial services by 2025-2027. In India, Thailand, the Philippines, and Indonesia the level of financial services penetration will be especially high – from 62% to 69%. Meanwhile, in Cambodia, Laos, and Myanmar it will be relatively low. In these countries, the development of online financial services can be faster if the government takes a combined approach to develop financial technologies in terms of the legal framework and increase of digital and financial literacy.