OJK Warns Gen Z on Digital Financial Risks

The Financial Services Authority (OJK) has issued a warning to young people about the financial risks associated with heavy use of digital technology. This includes potential dangers from online loans and buy now, pay later (BNPL) services.

OJK Chair Friderica Widyasari Dewi addressed students at Sekolah Rakyat Senior High School 10 in Jakarta, emphasizing the need for Gen Z to be cautious in the digital age. She highlighted the unique position of this generation as both users and drivers of the digital economy.

Dewi noted that Gen Z, being the first generation to grow up with technological development, has significant potential to influence the digital economy.