Jakarta (ANTARA) – Indonesia hosted the second Y20 pre-summit themed “Digital Transformation”, in Lombok, West Nusa Tenggara (NTB), on April 23-24, 2022, as part of a series of activities organized by Indonesia during its Presidency of the G20.

Advances in digital technology provided both opportunities and challenges for young people. Therefore, the digital financial awareness of young people should be enhanced in line with the vision of a sustainable economy, Y20 Indonesia 2022 Co-Chair Budy Sugandi said in a statement on Sunday.

“Advances in digital technology have affected the younger generation,” he said.

The topic of discussion for the first day of the meeting was “Reaping the Benefits of Digital Transformation: Educating Young People about Digital Finance”.

The subject was chosen due to the fact that a large part of the world’s population has not benefited from the advantages of the digital economy.

Most people in developing countries still depend on cash as they are not familiar with digital wallet.

Additionally, unequal internet access is also a challenge for young people, especially to understand digital financial literacy.

The Y20 Indonesia and Cint survey showed that 61% of young people in G20 countries have difficulty accessing the internet due to unstable and slow connections.

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Therefore, awareness of digital finance should be discussed so that more people are aware of it and able to take advantage of it in the momentum of global digital transformation, he said.

Meanwhile, Minister of Youth and Sports, Zainudin Amali, in his opening remarks at the meeting, said the younger generation should actively seek knowledge to improve their financial literacy, in addition to receiving education. provided by policy makers.

He hopes that young people, especially in Indonesia, can intensify their interest in reading to find information so that they can increase their ability to fully understand digital finance.

The Y20 Indonesia 2022 has planned to conduct pre-summit activities in four cities, namely Palembang, South Sumatra in March 2022, Lombok in April, Balikpapan, East Kalimantan Province in May 2022 and in Manokwari, West Papua province, in June. .

The Y20 Summit will be held in Jakarta and Bandung in July 2022.

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