Closing the Gap between Financial Literacy and Financial Inclusion | Jurnal Informatika Ekonomi Bisnis

Journal Content

Search

Search Scope

Browse

Information

Current Issue

Template
Similarity Checker

Member of

Statistics

Closing the Gap between Financial Literacy and Financial Inclusion

Lanemey Brigitha Pandeirot Fakultas Ekonomi dan Bisnis Universitas Klabat Andrew Christian Aseng Fakultas Keguruan dan Ilmu Pendidikan Universitas Klabat DOI: https://doi.org/10.37034/infeb.v6i2.877 Keywords: Financial Literacy, Financial Inclusion, Financial Technology, Socialization, Indonesia Abstract Nowadays many people still trapped into some financial fraud because of lack of financial literacy. On the other hand, the Indonesian government are trying to increase public financial literacy rate in order to reach the financial inclusion rate through Strategi Nasional Literasi Keuangan Indonesia (SNLKI). Thus, this systematic literature review was done to discuss factors influence financial literacy so that it can be increased and cope with the financial inclusion rate. Several journal articles and related sources were selected and analyzed. The results found that financial literacy does affect financial inclusion and for the former rate be increased to close the gap with the latter, there are five factors need to consider, namely: formal education, socialization, family, government regulation, and use of financial technology. There are some recommendations of strategy for each factor that are discussed in hoping to help increase public financial literacy and support the government program through SNLKI. Downloads Download data is not yet available. References Badarinza, C., Campbell, J. Y., & Ramadorai, T. (2016). International Comparative Household Finance. Annual Review of Economics, 8, 111-144. DOI: https://doi.org/10.1146/annurev-economics-080315-015425 . Zaimovic, A., Torlakovic, A., Arnaut-Berilo, A., Zaimovic, T., Dedovic, L., & Nuhic Meskovic, M. (2023). Mapping Financial Literacy: A Systematic Literature Review of Determinants and Recent Trends. Sustainability, 15(12), 9358. DOI: https://doi.org/10.3390/su15129358 . Bashir, S., Nawaz, A., & Ayesha, S. N. (2022). Financial Inclusion Profile: Socio-Economic Determinants, Barriers, and the Reasons for Saving and Borrowing in Pakistan. International Journal of Asian Social Science, 12(10), 449–462. DOI: https://doi.org/10.55493/5007.v12i10.4622 . Varghese, G., & Viswanathan, L. (2018). Financial Inclusion: Opportunities, Issues and Challenges. Theoretical Economics Letters, 08(11), 1935–1942. DOI: https://doi.org/10.4236/tel.2018.811126 . Kumar, J. P. S., & Aluvala, R. (2020). Business correspondent’s - Financial inclusion issues & challenges in India. Journal of Critical Reviews, 7(9), 958–962. DOI: https://doi.org/10.31838/jcr.07.09.177 . Damayanti, S. M., & Zakarias, R. (2020). Generasi Milenial sebagai Pengguna Fintech: Dampaknya terhadap Literasi dan Inklusi Keuangan di Indonesia. Ekonomi dan Bisnis, 7(2), 105–120. DOI: https://doi.org/10.35590/jeb.v7i2.2193 . Bongomin, G. O. C., Munene, J. C., Ntayi, J. M., & Malinga, C. A. (2018). Nexus between financial literacy and financial inclusion: Examining the moderating role of cognition from a developing country perspective. International Journal of Bank Marketing, 36(7), 1190–1212. DOI: https://doi.org/10.1108/IJBM-08-2017-0175 . Damayanthi, N. M. M. (2022). Determinants of Financial Inclusion: A Review. Wayamba Journal of Management, 13(2), 175. DOI: https://doi.org/10.4038/wjm.v13i2.7572 . Hasan, M., Le, T., & Hoque, A. (2021). How does financial literacy impact on inclusive finance?. Financial Innovation, 7(1). DOI: https://doi.org/10.1186/s40854-021-00259-9 . Widiantari, N. K. K., Suparta, I. N., & Sariyasa, S. (2022). Meningkatkan Literasi Numerasi dan Pendidikan Karakter dengan E-Modul Bermuatan Etnomatematika di Era Pandemi COVID-19. JIPM (Jurnal Ilmiah Pendidikan Matematika), 10(2), 331. DOI: https://doi.org/10.25273/jipm.v10i2.10218 . Grohmann, A., Klühs, T., & Menkhoff, L. (2018). Does financial literacy improve financial inclusion? Cross country evidence. World Development, 111, 84–96. DOI: https://doi.org/10.1016/j.worlddev.2018.06.020 . Jamil, A. R. M., Law, S. H., Sabri, M. F., & Afham, M. K. (2023). Does Financial Literacy Improve Financial Inclusion in Developing Countries? A Nonlinearity and Quantile Regression Analysis. Malaysian Journal of Economic Studies, 60(2), 189–214. DOI: https://doi.org/10.22452/MJES.vol60no2.3 . Alfarizi, M., & Ngatindriatun. (2022). Determination of the Intention of MSMEs Owners Using Sharia Cooperatives in Improving Indonesian Islamic Economic Empowerment. Jurnal Ekonomi Syariah Teori Dan Terapan, 9(6), 834–849. DOI: https://doi.org/10.20473/vol9iss20226pp834-849 . Kadoya, Y., & Khan, M. S. R. (2020). What determines financial literacy in Japan. Journal of Pension Economics and Finance, 19(3), 353–371. DOI: https://doi.org/10.1017/S1474747218000379 . Mamba’usa’adah, M. S., & Syafwandi, S. (2023). Media Audio Visual Youtube pada Pembelajaran Literasi Finansial Anak Usia Dini. JIIP - Jurnal Ilmiah Ilmu Pendidikan, 6(11), 8842–8853. DOI: https://doi.org/10.54371/jiip.v6i11.3139 . Koomson, I., Villano, R. A., & Hadley, D. (2020). Intensifying Financial Inclusion Through The Provision of Financial Literacy Training: A Gendered Perspective. Applied Economics, 52(4), 375–387. DOI: https://doi.org/10.1080/00036846.2019.1645943 Putra, R. J., & Qodary, H. F. (2021). Pengaruh Pengenaan Bea Materai Dan Kemudahan Teknologi Investasi Terhadap Minat Investasi Yang Dimoderasi Oleh Sosial Media Edukasi Saham. Media Akuntansi Perpajakan, 6(1), 31–39. DOI: https://doi.org/10.52447/map.v6i1.5005 . Mubarok, F. K. (2018). Peran Sosialisasi dan Edukasi dalam Menumbuhkan Minat Investasi di Pasar Modal Syariah. Inovasi, 14(2), 113. DOI: https://doi.org/10.29264/jinv.v14i2.4119 . Wahy, H. (2012). Keluarga Sebagai Basis Pendidikan Pertama dan Utama. Jurnal Ilmiah Didaktika, 12(2). DOI: https://doi.org/10.22373/jid.v12i2.451 . Asri Dwi Ariyani, Rosa Nikmatul Fajri, Nila Hidayah, & Uci Dwi Sartika. (2022). Kecakapan Literasi Keuangan Pada Anak Usia Sekolah Dasar Sebagai Upaya Pembentukan Karakter Cerdas Mengelola Uang. J-Abdi: Jurnal Pengabdian Kepada Masyarakat, 1(12), 3223–3230. DOI: https://doi.org/10.53625/jabdi.v1i12.2034 .	Download Published 2024-07-01 Issue Vol. 6, No. 2 (2024) Section Articles How to Cite Pandeirot, L. B., & Aseng, A. C. (2024). Closing the Gap between Financial Literacy and Financial Inclusion. Jurnal Informatika Ekonomi Bisnis, 6(2), 443-447. https://doi.org/10.37034/infeb.v6i2.877 ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX This work is licensed under a Creative Commons Attribution 4.0 International License.

Indexing and Abstractions:

Published:

This work is licensed under a Creative Commons Attribution 4.0 International Public License (CC BY 4.0).

Web Analytics Made Easy -
StatCounter