Scaling Responsible Digital Payments in the Indonesian Cocoa Sector

Indonesia has the largest cocoa sector in Asia, and the sixth largest by volume globally. The sector has been a mainstay of the national economy for decades and currently contributes over IDR 10.85 trillion ($700 million) per year to GDP.

The Government of Indonesia, with the Indonesian cocoa sector and the Better Than Cash Alliance has conducted a first-of-its-kind sizing exercise to assess opportunities for digital financial inclusion for smallholder cocoa farmers.

For digital payments to be meaningful for farmers, this study finds that digitization needs to be strongly linked to access to a broader suite of financial services, to unlock farm investments and smooth day-to-day consumption.