A push for financial inclusion in Indonesia

    A new public-private partnership is tapping mobile applications to boost microentrepreneurs’ access to financial services.

    eBay Foundation, in partnership with the Grameen Foundation, is backing the development of two mobile applications that will support microentrepreneurs in Indonesia  Mobile Marketplace and Mobile Transaction Platform. The programs will harness the power of mobile phones to increase Indonesians’ access to financial services, among others.

    The planned mobile applications are expected to boost the livelihood of some 4.5 million people in Indonesia, where 80 percent of the population has access to a cellphone, according to a press release. Both foundations are hopeful that these applications will “contribute to the growth of the Indonesia-based network from 10,500 to 60,000 entrepreneurs over the next three years.”

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    About the author

    • Jenny Lei Ravelo

      Jenny Lei Ravelo is a Devex Senior Reporter based in Manila. She covers global health, with a particular focus on the World Health Organization, and other development and humanitarian aid trends in Asia Pacific. Prior to Devex, she wrote for ABS-CBN, one of the largest broadcasting networks in the Philippines, and was a copy editor for various international scientific journals. She received her journalism degree from the University of Santo Tomas.