How one bank is digitalizing financial inclusion in Indonesia
Digitalizing financial inclusion is a challenge in Indonesia, where both digital and financial literacy rates are low. Here's how BRI has squared this circle.
Bank Rakyat Indonesia (BRI) is a government commercial bank that began as an agricultural development bank. To increase client reach and profits, it introduced microfinance products and services to low-income clients in 1984. At present, it offers its services in Indonesia through an independent microfinance unit to both rural and urban clients.