SINGAPORE (July 16): Financial technology, or fintech, is set to play a much larger role in Indonesia. The sprawling archipelago has among the highest percentage of unbanked population in the world. Bank-account ownership among adults was less than 40% in 2016. The financial inclusion gap is the shortfall between the demand and formal supply of financial services. In Indonesia’s case, national demand for credit is outpacing banks’ ability to provide it, market observers say. The gap, which should be seen as an opportunity, is estimated to be US$57 billion ($77.2 billion), according to research by the Asian Development Bank (ADB).

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