High adoption of digital financial services in Indonesia has not been\nmatched by adequate understanding of the risks. This phenomenon places\nstudents at risk of falling into consumptive debt within an instant,\ncashless ecosystem.<\/p>\n
During a financial literacy seminar titled \u2018Cashless, Careless:\nBecoming Financially Smart Students in the Digital Era\u2019 at Binus Alam\nSutera, a wide gap between financial inclusion and financial literacy\nwas revealed.<\/p>\n
The CEO and Chief Editor of Warta Ekonomi stressed that although the\nyounger generation is highly adaptable to technology, they tend to have\nweak financial control. The YOLO (You Only Live Once) and FOMO (Fear of\nMissing Out) cultures are the main drivers of consumptive behaviour\nculminating in the use of online loans (pinjol) and paylater\nunwisely.<\/p>\n
\u2018Many young people are already actively investing, but not\nnecessarily understanding how to manage risk. This makes them vulnerable\nto debt traps,\u2019 he said. Currently, domestic capital market investors\nare dominated by those under 30 (99.78%), while crypto investors have\nsurpassed 21 million people.<\/p>\n
Director of the Financial Literacy and Education Department at OJK,\nAndi Muhammad Yusuf, revealed that low literacy is a loophole for\ndigital financial crime. Based on data from the Indonesia Anti-Scam\nCenter (IASC), losses from digital financial crime reached Rp9.1\ntrillion from November 2024 to January 2026.<\/p>\n
\u2018People use financial products but do not understand what they are\nusing. This contains risk, including rising complaints and potential\ncrime,\u2019 Andi emphasised. OJK is now ramping up the National Movement for\nFinancial Smartness (Gencarkan) to curb the losses.<\/p>\n
The digital investment sector also shows dynamic movement. CFX\nDirector Lukas Lauw said that 52% of crypto investors in Indonesia come\nfrom ages 18\u201324. However, price sensitivity is very high, evidenced by\ntransaction values corrected to Rp75.8 trillion in Q1 2026.<\/p>\n
President Director Gunawan Herman of Dupoin Futures Indonesia added\nthat students should consider other instruments such as commodity\nfutures trading as a way to learn about the global economy, but with\nhigh caution toward high-risk, high-gain risks.<\/p>\n
As a preventive measure, ShopeePay Indonesia President Director Eka\nNilam Dari reminded of important security features such as two-factor\nauthentication (2FA) and PIN\/OTP verification to protect digital\ntransactions from unauthorised access. (E-3)<\/p>\n
Financial literacy is not only about being able to calculate income\nand expenditure, but also about the ability to manage lifestyle and\nspending habits.<\/p>\n
OJK Commissioner Adi Budiarso reminded of the importance of financial\nliteracy and prudent attitude before conducting transactions, especially\nin investments and online loans.<\/p>\n
Hundreds of businesses joined the UMKM Digital Finance Tour in\nTangerang to boost financial literacy and online market strategies via\ndigital platforms.<\/p>\n
Strengthening inclusion and financial literacy is expected to support\ndeepening of the financial sector, which will drive real sector\ngrowth.<\/p>\n
The number of student accounts in Indonesia reached 59 million with\nRp30.31 trillion in funds. OJK revealed a rising trend and drivers in\n2026.<\/p>\n
Based on the 2025 National Survey of Financial Literacy and Inclusion\nreleased by OJK with the Central Statistics Agency, the national\nfinancial inclusion index has reached 80.51%.<\/p>\n
LPEM FEB UI study reveals the role of online lending (pindar) such as\nAdaKami as a financial buffer for households to curb consumption and\nproductive assets.<\/p>\n
The funding gap for MSMEs in Indonesia is projected to reach Rp2,400\ntrillion. Amartha presents inclusive financing solutions to raise\nentrepreneurs\u2019 incomes.<\/p>\n
Regional Development Banks Association together with Bank Jateng held\nthe second National Simpeda Lottery draw for 2026.<\/p>\n
BTN and Indosat Ooredoo Hutchison officially signed a memorandum of\nunderstanding to initiate collaboration on digital financial services\nwithin a more integrated ecosystem.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/lagging-financial-literacy-leaves-students-at-high-debt-risk-1779542889", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }