Information and Communication Technology Infrastructure in Public-Private Partnership In Financial Technology In Indonesia

We collect reports from the Asian development bank (adb.org) related to information and communication technology infrastructure development projects with a public-private partnership system. For fintech development data, we use secondary data from the OJK or the Indonesian financial data authority. We process data by matching the timing of each project and the impact on the development of fintech in Indonesia including financial literacy which also uses sources from the OJK. The period of the year in data collection is 10 years, namely from 2010 to 2020 with a monthly data period so that there are 120 data periods in the calculation for each variable (12 months per year x 10 years). We use the ARDL model to understand the causal relationship of each variable. We found that in the long term information and communication technology infrastructure development projects with a public-private partnership system (ITCD) have a significant positive relationship to financial literacy in Indonesia. However, the short term is not significant. This demonstrates that the long-term effects of infrastructure development may be felt after the project is done. Fintech development (FD), in contrast to ITCD, does not have a long-term beneficial influence on financial literacy in Indonesia. However, there will be a major beneficial influence in the near run. In both the long and medium-term, the Indonesian government's infrastructure budget for information and communication technology infrastructure development (IFB) has a substantial influence on financial literacy in Indonesia. Similarly, both in the short and long term, the public-private partnership budget ratio (PPPR) has a strong beneficial influence on financial literacy in Indonesia.