Indonesia's Financial Services Authority (OJK) held a Digital Financial Literacy (DFL) programme at Universitas Pendidikan Muhammadiyah Sorong, West Papua, aimed at improving public understanding of digital financial services and the risks that come with their rapid adoption. The event targeted more than 200 students in and around Sorong and formed part of OJK’s annual literacy programme responding to a gap in the 2025 National Survey of Financial Literacy and Inclusion, which put Indonesia’s financial literacy index at 66% and financial inclusion at 80%. OJK highlighted persistent fraud risks in digital finance, citing Indonesia Anti Scam Center data as of March 2025 showing nearly 80,000 fraud reports with losses of IDR 1.7 trillion, and urged students to assess product legality, investment logic and risk before using digital financial products. The programme also discussed the role of technologies such as blockchain, artificial intelligence and big data, with speakers including OJK officials and representatives from the Indonesian Blockchain and Crypto Asset Traders Association.
OJK 2025-05-28
Indonesia's Financial Services Authority runs digital financial literacy programme in West Papua for over 200 students
Indonesia's Financial Services Authority (OJK) held a Digital Financial Literacy programme at Universitas Pendidikan Muhammadiyah Sorong, West Papua, to enhance understanding of digital financial services and risks. Part of OJK’s annual literacy programme, it addressed fraud risks highlighted by nearly 80,000 reports and IDR 1.7 trillion in losses. Discussions included blockchain, AI, and big data, featuring OJK officials and industry representatives.