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Tokopedia, BI, OJK Team Up to Launch Financial Literacy Module for Local MSMEs

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Tokopedia, BI, OJK Team Up to Launch Financial Literacy Module for Local MSMEs

Indonesia, May 23, 2022 – Tokopedia, in collaboration with Bank Indonesia (BI) and the Financial Services Agency (OJK), today launched the Financial Literacy Module, which aims to increase financial literacy among the Indonesian population, especially local MSMEs, and equip them with the knowledge needed to contribute to the national economic recovery.

According to a 2019 survey by OJK, Indonesia's financial literacy index remains low at 38.03%, in contrast with the higher financial inclusion index of 76.19%[1].

Tokopedia's 2021-2022 internal digitalization training survey has shown that 97% of MSMEs feel the digitalization training provided was very helpful. The survey also found that 60.1% of MSMEs believe they need educational materials that could improve their financial management skills.

“This motivated Tokopedia to create the Financial Literacy Module, which is in line with BI and OJK's financial literacy program to support MSME development and promote the use of digital transactions," said Leontinus Alpha Edison, Vice Chairman and Co-founder of Tokopedia.

The Financial Literacy Module is also one of Tokopedia's efforts to realize its mission of digital economic equality. “We hope that the module will guide the community, especially Tokopedia's nearly 12 million sellers, 100% of whom are local MSMEs, to continue to grow their businesses," added Leontinus.

BI Deputy Governor Doni Primanto Joewono explained that financial literacy is a key factor for MSME business development. “The synergy achieved at this event is a manifestation of Bank Indonesia's commitment to continuously support the development of MSMEs through collaborations with various parties. The goal is to accelerate the upgrading of MSMEs and increase their contribution to the country's economic recovery through financial literacy, digitalization, and globalization."

The launch of this Module is also part of the Karya Kreatif Indonesia series of events organized by the Bank Indonesia, as well as the Indonesian Presidency of the G20.

On the same occasion, OJK Board Member Tirta Segara praised Tokopedia's efforts to improve financial literacy in Indonesia. "The OJK is highly committed to helping improve the country's financial literacy and inclusion index. This initiative is not only useful for the MSMEs themselves, but also for all Indonesians who wish to contribute to our country's economic recovery," said Tirta.

The Financial Literacy Module consists of four main topics: (1) financial planning and management; (2) how to raise and manage funds for business; (3) online transactions and techniques and how to file taxes; and (4) safe and profitable investments through Tokopedia Emas and Tokopedia Reksa Dana.

The Module can be accessed free of charge by all MSMEs in Indonesia through Pusat Edukasi Seller on Tokopedia starting May 23, 2022.

“Given that MSMEs account for more than 60 percent of Indonesia's GDP, we hope that through this opportunity all stakeholders will work more actively together so that Indonesian businesses, especially local MSMEs, can rise and continue to contribute towards the country's economic recovery,” concluded Tokopedia’s Senior Vice President of Public Policy and Government Relations, Astri Wahyuni.

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About Tokopedia

Tokopedia, as an Indonesian technology company, has a mission to democratize commerce through technology. Tokopedia’s vision is to build a Super Ecosystem where anyone can start and discover anything. To this day, Tokopedia has empowered millions of merchants and users across the marketplace and digital goods, financial technology and payment, logistics and fulfillment, including Mitra Tokopedia.

Tokopedia is part of the GoTo Group, the largest digital ecosystem in Indonesia, consisting of Gojek, Tokopedia and GoTo Financial.

Media Contact

PR Tokopedia | pr@tokopedia.com

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