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Spire speaks on Digital Financial Services in Indonesia at the ITU Workshop in Geneva

As payment transactions become digitalized, it is crucial to ensure digital financial services are accessible to the poor at affordable rates and in a scalable manner. Recognizing this need, the International Telecommunication Union (ITU) organized a workshop on ‘Digital Financial Services and Financial Inclusion’ for ITU member states, ICT regulators and Financial Service providers from across the globe to discuss key industry trends, opportunities and challenges at the ITU headquarters in Geneva. Jeffrey Bahar, Deputy Chief Executive Officer of the Spire Research and Consulting group, was honored to be a part of the workshop. In his presentation, Bahar highlighted initiatives by the Indonesian Government and the private sector to implement bulk payment services for beneficiaries. Bahar mentioned the Government to People (G2P) Payment option for Program Keluarga Harapan (PKH) – the Family Hope Program – where beneficiaries are entitled to cash grants from the government