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How Digital Wallets are Remodeling Remittances as an Entry-point for Home Employees into Formal Monetary Providers

That is the third in a three-part sequence analyzing a contemporary strategy to digital remittances in Indonesia.

By Angela Ang, Elwyn Panggabean, and Ker Thao

During the last six months, we launched a pilot program with DANA, certainly one of Indonesia’s largest e-wallet suppliers, to supply a digital remittance resolution for home staff to ship a reimbursement residence in a secure and safe method. The pilot resolution was initially designed to focus on DANA’s present customers who may very well be potential employers of home staff and leveraged them as the primary touchpoint in introducing DANA as a viable remittance channel. By method, employers would assist educate their staff about the advantages and values of utilizing DANA, offering a less expensive, sooner, and safer digital avenue for staff to ship cash residence.

Taking an iterative strategy within the pilot implementation

Initially, the pilot challenge was deliberate to be launched throughout a three-month, three-part part: the primary and second with a concentrate on concentrating on employers as a touchpoint to achieve home staff, serving to them sign-up their home staff for DANA accounts, and educating them about DANA and the way to use DANA to switch cash residence; whereas the third part spanned over the past two months, immediately focused the home staff with a concentrate on constructing buyer’s confidence and expertise in utilizing DANA. Whereas the primary and second phases confirmed optimistic ends in serving to home staff with entry and use of DANA as a remittance service, the third part confirmed a big improve in engagement and use.

Key learnings from the pilot

Program Consciousness
Lots of the contributors of the home employee remittance program discovered about this system via a wide range of completely different channels and media akin to via word-of-mouth referrals, the preferred and trusted technique between staff, from different customers who had been collaborating in this system (pal, neighbor, relative, or employer) and thru DANA’s Instagram web page and tales. The analysis highlighted further avenues to achieve a bigger home employee viewers, with clients suggesting extra ads and messages in locations that they frequented: associate retailers (akin to comfort shops); social media (YouTube and TikTok, which they use for leisure); and leveraging influencers to assist get the message throughout.

This system used messaging that was focused in direction of home staff akin to “Program untuk Mbak ART” or Program for home helpers, which helped staff really feel appreciated in a way that this was a program made particularly for them. We additionally included taglines that talked about sending cash to their “household, village, or again residence”, which resonated with clients. In consequence, they got here to know the advantages and values of utilizing DANA and thought of it as a handy instrument that may very well be used at their fingertips, it was straightforward to make use of, and supplied 10x free transfers a month.

Program Signal-up and Onboarding
It was evident throughout the first two phases of this system that employers weren’t the best method to assist home staff sign-up for an account. This was additional validated within the pilot analysis. We found that staff who wished to take part in this system had been prepared, ready, and able to signing themselves up for their very own account, with the caveat that the majority of those that had been ready to take action are typically extra tech-savvy and digitally literate. They had been resourceful and capable of entry movies and tutorials that which had been offered inside the program to assist them full the required steps. The remainder of the home staff discovered with the help of members of the family or their employer.

Whereas employers didn’t grow to be an excellent sign-up touchpoint, they had been efficient in offering training and serving to their staff to make use of DANA. Nonetheless, the employers had been confronted with challenges of their very own. Among the main challenges had been on account of staff not having smartphones or not being as tech/digitally-savvy, which discouraged employers from collaborating and assist their staff take part as properly. One other problem was that employers didn’t have the time and/or information to show their staff. Many employers had no objections in assuming the educating position, however most well-liked somebody who was a lot nearer to the employees (like household, buddies, or friends) to show them with some saying that the tutorial piece ought to come immediately from DANA.

Transacting with DANA and different Use-cases

General, the answer program proved to achieve success. It helped educate home staff the way to use DANA to make remittance transfers again residence and with the development of customers who began to know the advantages and values of utilizing DANA, they turned extra fascinated about exploring different use-cases. We noticed as a direct end result, clients who participated in this system began utilizing DANA for invoice funds (electrical energy tokens and water payments), top-ups, and on-line purchasing. Moreover, they even began to make use of DANA Objectives—a short-term financial savings purpose function in DANA.

Drivers and Detracting Elements for Utilization
As part of the analysis, we recognized particular components that helped drive using DANA for remittance providers and past, in addition to detracting elements that stops clients from utilizing DANA.

Drivers Detractors
Focused messaging and communications helped clients see and really feel that this system was aimed toward them

Reminder messages and in-app notifications helped to nudge clients on the proper time to remind them to make use of DANA to ship cash residence

Ease of use and transacting made clients need to discover different use circumstances

Program incentives (raffles and rewards) additionally helped to drive use


Clients who didn’t have help or a trainer to assist information them prevented them from studying and utilizing

Clients who didn’t have a smartphone or shared their smartphone with others resulted in them not with the ability to take part

Clients who didn’t perceive the Phrases and Situations of this system (the required steps wanted to be accomplished with the intention to qualify for this system and to qualify for modifications to win incentives)



Incentives for Utilization Past Raffles and Rewards

The pilot analysis confirmed that the best resolution parts had been a mixture of key advertising/messaging, reminders, and incentives to assist drive utilization. The focused advertising and messaging had been efficient to relay the values and advantages of utilizing DANA for home staff and struck a chord with a program that was designed particularly for them. The communications about DANA’s values and advantages had been clearly understood by clients. Reminders performed a crucial position within the resolution as properly. It helped to nudge clients who could have forgotten about utilizing DANA and helped remind clients that DANA may very well be used for a lot of different transactions past remittance transfers.

By means of the pilot analysis, we additionally found that whereas many purchasers had been initially drawn to this system because of the likelihood to win money prizes and rewards. Nonetheless, upon additional utilization, many began to see the precise advantages and values of utilizing DANA. It was seen as a quick, straightforward, and free technique to transact. As well as, it was additionally seen to be a safe and secure technique to ship cash residence; whereas on the identical time straightforward to be taught. These had been the true incentives for utilizing DANA as a remittance channel. It’s encouraging to see as this system helped construct person confidence and digital monetary capabilities via a learn-by-doing strategy which gave them the digital instruments to transact and handle their very own cash.

Subsequent Steps: Scaling for Influence for all Home Employees

The challenge supplies evidences on the effectives of utilizing remittances to assist convey migrant staff, on this case, home staff, into formal monetary providers, in addition to showcasing the essential position of digital wallets, like DANA, to drive digital remittance providers in Indonesia. The enterprise alternative on (home) remittances is big and generally is a robust use-case to focus on the low-income phase, significantly migrant staff.

With the success of this pilot program with DANA, Ladies’s World Banking is trying to scale this resolution to the remainder of the home employee neighborhood in Indonesia. We plan on creating an answer that particularly targets them to supply a secure, safe, and straightforward technique to ship cash residence. As well as, we need to measure the influence of the answer on the lives of girls clients and plan to conduct an outcomes analysis. The upcoming analysis will measure the impacts of the answer within the brief and long-term intervals in direction of girls’s (financial) empowerment.

Our ongoing efforts are to maintain buyer engaged and proceed to be taught to make use of digital monetary providers for his or her each day monetary wants by constructing their digital monetary capabilities and confidence in order that they can also grow to be complicated and multi-case customers. It’s our hope, at Ladies’s World Banking, that options akin to it will assist help low-income girls develop to grow to be extra assured and impartial customers who can improve their monetary well being, monetary resilience, and monetary independence to make their very own monetary selections within the long-term.



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