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Amartha Initiates Coalition to Advance Financial Health for Grassroots Communities in Indonesia

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Amartha Initiates Coalition to Advance Financial Health for Grassroots Communities in Indonesia
Business

Business

Amartha Initiates Coalition to Advance Financial Health for Grassroots Communities in Indonesia

2026-06-05 19:08 Last Updated At:19:25

  • The coalition, titled the Indonesian Coalition for Financial Health, was officially launched on June 4 at the Asia Grassroots Forum 2026 and initiated by Amartha together with partners.
  • Fully supported by Her Majesty Queen Máxima of the Netherlands in her role as the United Nations Secretary-General's Special Advocate for Financial Health (UNSGSA), the coalition will drive the implementation of financial health through research, innovation hubs, and cross-sector collaboration platforms.
  • JAKARTA, Indonesia, June 5, 2026 /PRNewswire/ -- Amartha Financial (Amartha), together with Women's World Banking, Center for Financial Inclusion at Accion, Mastercard Center for Inclusive Growth, CERISE+SPTF, SME Finance Forum (SMEFF), KUMPUL, Beenext, and Koalisi Ekonomi Membumi (KEM) officially launched the Indonesian Coalition for Financial Health (ICFH). This cross-sector coalition aims to strengthen the financial health agenda for grassroots communities in Indonesia.

    This strategic initiative has received full support from Her Majesty Queen Máxima of the Netherlands in her capacity as the United Nations Secretary-General's Special Advocate for Financial Health (UNSGSA), with a representative of Queen Máxima attending the launch ceremony. The coalition's membership, comprising a diverse range of domestic and global stakeholders, reflects a shared commitment to unlocking the potential of grassroots communities to grow inclusively and sustainably.

    Launched alongside The 2026 Asia Grassroots Forum, ICFH brings together a diverse group of domestic and global stakeholders, reflecting a shared commitment to advancing the economic potential of grassroots communities in Indonesia through inclusive and sustainable growth.

    "Financial inclusion has advanced significantly, but access doesn't guarantee financial health. As a member of the Indonesian Coalition for Financial Health, we're committed to the rigorous research and cross-sector collaboration needed to drive stronger financial health outcomes for Indonesia and beyond," said Jayshree Venkatesan, VP of Consumer Protection and Strategic Industry Engagement, from the Center for Financial Inclusion at Accion.

    During UNSGSA Queen Máxima's official country visit to Indonesia in November 2025, she visited Amartha clients in Central Java to hear about how Amartha's products and services have improved their financial health and helped foster the growth of their MSMEs. She also spoke with Amartha leadership about the importance of gathering partners to scale financial health initiatives across Indonesia and the region, particularly in underserved communities.

    "Through ICFH, we hope that the financial inclusion paradigm can evolve beyond access and focus more on resilience and well-being as tangible outcomes, particularly for the needs of grassroots communities, including women-owned MSMEs in rural areas and other underserved groups," said Aria Widyanto, Head of the Secretariat of the Indonesian Coalition for Financial Health. To date, Amartha has served more than 3.9 million women entrepreneurs in rural areas. This support helps partners build financial resilience, grow their businesses sustainably, and participate more actively in the household economy.

    Subhasini Chandran, Senior Vice President, Social Impact, APEMEA, Mastercard Center for Inclusive Growth, added, "Financial inclusion has traditionally been measured by how many people have access to financial services. As the global middle class continues to grow, we must ensure that this access leads to usage and resilience, which creates more opportunities for growth. This coalition and set of partners will play an important role in strengthening the financial health agenda for grassroots communities in Indonesia, and aligns well to Mastercard's newest commitment to connecting and protecting 500 million people and small businesses on their pathways to financial health." 

    In its implementation, ICFH will focus on three key priorities. First, Research & Evidence Generation, which involves developing a knowledge base and data on financial health that is relevant to the Indonesian context, gender-sensitive, and grounded in the realities of grassroots communities. Second, the Financial Health Innovation Hub, a collaborative platform to design, test, and scale inclusive financial innovations such as alternative credit scoring, open finance, embedded finance, and community-based financial services. Third, the Convening Platform, a cross-sector collaboration forum aimed at aligning agendas, building commitments, and driving concrete actions for inclusive growth.

    ICFH will also develop several strategic initiatives, ranging from the Grassroots Financial Alliance to expand access to microfinance products among rural and women's communities, and Research & Shared Metrics to measure financial resilience, preparedness, and recovery, to Innovation Labs that serve as spaces for developing and scaling innovative models and solutions. The coalition will further promote Practitioner Learning & Peer Exchange and encourage a shift in narrative from asset accumulation alone toward financial readiness, life security, and economic resilience rooted in the lived experiences of women.

    Through ICFH, Amartha and its partners aspire to become a global reference point in developing a financial health ecosystem that is relevant, collaborative, and sustainable. This initiative is also expected to strengthen the role of grassroots communities, particularly women-owned MSMEs, as an integral part of a more inclusive economic development agenda in Indonesia and across the region.

    About Indonesian Coalition for Financial Health

    The Indonesian Coalition for Financial Health (ICFH) is a joint initiative that brings together government institutions, the private sector, financial institutions, fintech companies, civil society organizations/NGOs, academics, investors, and global partners to strengthen the financial health of grassroots communities. ICFH focuses on financial health research, innovation incubation, the development of shared frameworks, and cross-sector collaboration to empower underserved communities, including women, micro-entrepreneurs, and smallholder farmers, in achieving sustainable financial well-being.

    About Amartha Financial

    Established in 2010 and known under the "Amartha" brand, Amartha Financial (PT Amartha Financial Group and its subsidiaries) provides comprehensive digital financial services designed to address the needs of communities and women-led MSMEs in more than 50,000 villages across Java, Sumatra, Kalimantan, Sulawesi, and Bali Nusra, through the AmarthaFin application.

    Amartha Financial comprises PT Amartha Mikro Fintek, a licensed productive financing provider; PT Amartha Warbler Finance, a licensed cash financing provider, both licensed and supervised by the Financial Services Authority (OJK); as well as PT Amartha Finansial Asia, a licensed electronic money provider (e-money) licensed and supervised by Bank Indonesia.

    Through AmarthaFin, users can access working capital financing services, digital payments, PPOB, zakat distribution, as well as investment features that connect rural communities with national and global investors.

    To date, Amartha has disbursed more than IDR 47 trillion in business capital to more than 4 million women-led MSMEs, to strengthen micro-entrepreneurship, create jobs, and drive more inclusive economic growth in Indonesia.

JAKARTA, Indonesia, June 5, 2026 /PRNewswire/ -- Amartha Financial (Amartha), together with Women's World Banking, Center for Financial Inclusion at Accion, Mastercard Center for Inclusive Growth, CERISE+SPTF, SME Finance Forum (SMEFF), KUMPUL, Beenext, and Koalisi Ekonomi Membumi (KEM) officially launched the Indonesian Coalition for Financial Health (ICFH). This cross-sector coalition aims to strengthen the financial health agenda for grassroots communities in Indonesia.

This strategic initiative has received full support from Her Majesty Queen Máxima of the Netherlands in her capacity as the United Nations Secretary-General's Special Advocate for Financial Health (UNSGSA), with a representative of Queen Máxima attending the launch ceremony. The coalition's membership, comprising a diverse range of domestic and global stakeholders, reflects a shared commitment to unlocking the potential of grassroots communities to grow inclusively and sustainably.

Launched alongside The 2026 Asia Grassroots Forum, ICFH brings together a diverse group of domestic and global stakeholders, reflecting a shared commitment to advancing the economic potential of grassroots communities in Indonesia through inclusive and sustainable growth.

"Financial inclusion has advanced significantly, but access doesn't guarantee financial health. As a member of the Indonesian Coalition for Financial Health, we're committed to the rigorous research and cross-sector collaboration needed to drive stronger financial health outcomes for Indonesia and beyond," said Jayshree Venkatesan, VP of Consumer Protection and Strategic Industry Engagement, from the Center for Financial Inclusion at Accion.

During UNSGSA Queen Máxima's official country visit to Indonesia in November 2025, she visited Amartha clients in Central Java to hear about how Amartha's products and services have improved their financial health and helped foster the growth of their MSMEs. She also spoke with Amartha leadership about the importance of gathering partners to scale financial health initiatives across Indonesia and the region, particularly in underserved communities.

"Through ICFH, we hope that the financial inclusion paradigm can evolve beyond access and focus more on resilience and well-being as tangible outcomes, particularly for the needs of grassroots communities, including women-owned MSMEs in rural areas and other underserved groups," said Aria Widyanto, Head of the Secretariat of the Indonesian Coalition for Financial Health. To date, Amartha has served more than 3.9 million women entrepreneurs in rural areas. This support helps partners build financial resilience, grow their businesses sustainably, and participate more actively in the household economy.

Subhasini Chandran, Senior Vice President, Social Impact, APEMEA, Mastercard Center for Inclusive Growth, added, "Financial inclusion has traditionally been measured by how many people have access to financial services. As the global middle class continues to grow, we must ensure that this access leads to usage and resilience, which creates more opportunities for growth. This coalition and set of partners will play an important role in strengthening the financial health agenda for grassroots communities in Indonesia, and aligns well to Mastercard's newest commitment to connecting and protecting 500 million people and small businesses on their pathways to financial health." 

In its implementation, ICFH will focus on three key priorities. First, Research & Evidence Generation, which involves developing a knowledge base and data on financial health that is relevant to the Indonesian context, gender-sensitive, and grounded in the realities of grassroots communities. Second, the Financial Health Innovation Hub, a collaborative platform to design, test, and scale inclusive financial innovations such as alternative credit scoring, open finance, embedded finance, and community-based financial services. Third, the Convening Platform, a cross-sector collaboration forum aimed at aligning agendas, building commitments, and driving concrete actions for inclusive growth.

ICFH will also develop several strategic initiatives, ranging from the Grassroots Financial Alliance to expand access to microfinance products among rural and women's communities, and Research & Shared Metrics to measure financial resilience, preparedness, and recovery, to Innovation Labs that serve as spaces for developing and scaling innovative models and solutions. The coalition will further promote Practitioner Learning & Peer Exchange and encourage a shift in narrative from asset accumulation alone toward financial readiness, life security, and economic resilience rooted in the lived experiences of women.

Through ICFH, Amartha and its partners aspire to become a global reference point in developing a financial health ecosystem that is relevant, collaborative, and sustainable. This initiative is also expected to strengthen the role of grassroots communities, particularly women-owned MSMEs, as an integral part of a more inclusive economic development agenda in Indonesia and across the region.

About Indonesian Coalition for Financial Health

The Indonesian Coalition for Financial Health (ICFH) is a joint initiative that brings together government institutions, the private sector, financial institutions, fintech companies, civil society organizations/NGOs, academics, investors, and global partners to strengthen the financial health of grassroots communities. ICFH focuses on financial health research, innovation incubation, the development of shared frameworks, and cross-sector collaboration to empower underserved communities, including women, micro-entrepreneurs, and smallholder farmers, in achieving sustainable financial well-being.

About Amartha Financial

Established in 2010 and known under the "Amartha" brand, Amartha Financial (PT Amartha Financial Group and its subsidiaries) provides comprehensive digital financial services designed to address the needs of communities and women-led MSMEs in more than 50,000 villages across Java, Sumatra, Kalimantan, Sulawesi, and Bali Nusra, through the AmarthaFin application.

Amartha Financial comprises PT Amartha Mikro Fintek, a licensed productive financing provider; PT Amartha Warbler Finance, a licensed cash financing provider, both licensed and supervised by the Financial Services Authority (OJK); as well as PT Amartha Finansial Asia, a licensed electronic money provider (e-money) licensed and supervised by Bank Indonesia.

Through AmarthaFin, users can access working capital financing services, digital payments, PPOB, zakat distribution, as well as investment features that connect rural communities with national and global investors.

To date, Amartha has disbursed more than IDR 47 trillion in business capital to more than 4 million women-led MSMEs, to strengthen micro-entrepreneurship, create jobs, and drive more inclusive economic growth in Indonesia.

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

Amartha Initiates Coalition to Advance Financial Health for Grassroots Communities in Indonesia

Amartha Initiates Coalition to Advance Financial Health for Grassroots Communities in Indonesia

The First Time a Game in the Legendary Franchise Comes to Consoles

BELLEVUE, Wash., June 6, 2026 /PRNewswire/ -- Critically-acclaimed game development studio ArenaNet® tonight announced Guild Wars 3™, the third entry in the legendary and beloved Guild Wars® MMORPG franchise and their first new game since 2012. The game will release globally on PC, Steam, and PlayStation 5, marking the first time a Guild Wars game will appear on home consoles. The first beta test is scheduled for fall of 2027.

The official debut trailer features the first in-engine gameplay footage and can be viewed HERE. The first concept art and other assets are hosted at the Guild Wars 3 official press kit.

"Guild Wars 3 is a new era not just for ArenaNet and Guild Wars, but also for MMORPGs as a whole," said Colin Johanson, Guild Wars 3 Game Director and ArenaNet Studio Head. "The MMORPG genre has millions of players worldwide eager for new, modern experiences, and the opportunity to harness that excitement is immense. Our approach with Guild Wars 3 is to push MMORPGs forward, to create an online game world that feels believable, rewarding, responsive, and innovative while at the same time respecting players' time and providing a positive, supportive space to build community and enjoy new stories in our universe."

Taking place over a thousand years before the events of the original game, Guild Wars 3 is set in the Tyrian region of Orr, a vast wilderness frontier imbued with the world's magic. Nature entities with strong connections to the land called Vael spirits embody the vitality of this lush, verdant landscape. Various guilds are engaged in conflict over how to protect or exploit the bounty beyond civilization's borders. These multitudinous spirits will vary in size and influence within the ecosystems around them, with the most notable of these being the Seeker. As seen in the trailer, every player's Seeker will serve as a connection to the spirits of Orr and a mount that will carry them on their journeys through the game's open world.

Players will assume the role of a Vaelwarden, a member of a guild of adventurers committed to preserving and protecting both the spirits of the wild and the land of Orr itself. Through the deep character customization and skill-building gameplay the Guild Wars franchise is known for, players will seek adventure and confront danger across this sumptuous, vibrant online world, growing their relationships with the spirits of the wild, the inhabitants of Orr, and other Vaelwarden players.

A combat system designed from the outset to feel great on both a controller and keyboard rewards positioning by emphasizing the joy of movement and momentum. As players seamlessly transition between various movement modes, they can harness their speed and turn it into bigger damage and impact when fighting their foes.  

More information about pricing, beta tests, release date, and gameplay features will be revealed later in 2026 and into 2027. Guild Wars 3 will be available directly from the developers at GuildWars3.com, and can be wishlisted on Steam and the PlayStation Store beginning today, with more information available at the game's official website.

About the Guild Wars Franchise
Guild Wars is the award-winning, visually stunning MMORPG franchise that originally launched in 2005 on PC. Boasting a timeless art-brought-to-life aesthetic, the epic grandeur of massive role-playing environments, fast-paced action combat, large-scale dynamic events that players tackle together in the open world, team-based competitive player-versus-player battles, and a sprawling fantasy storyline, the series is often proclaimed as having the friendliest player community in gaming. Guild Wars was relaunched as Guild Wars Reforged in 2025 and expanded to mobile devices in 2026. Guild Wars 2® launched in 2012 on PC and quickly earned accolades across the industry, including Time Magazine's 2012 Game of the Year. Unlike most competitors, the franchise has always been playable with no subscription fee required, welcoming over 29 million players across its history.

About ArenaNet
ArenaNet is the developer of the best-selling Guild Wars Reforged and the groundbreaking Guild Wars 2 massively multiplayer online PC role-playing games. The studio's mission is to create innovative online worlds, cultivate a vibrant and engaged global community of players, and to incorporate handcrafted artistry into every aspect of their games. ArenaNet formed in 2000, with press and fans consistently calling Guild Wars and Guild Wars 2 two of the best MMOs and RPGs of all time. Based in Bellevue, WA, ArenaNet is a wholly-owned subsidiary of Korean gaming giant NC.

The First Time a Game in the Legendary Franchise Comes to Consoles

BELLEVUE, Wash., June 6, 2026 /PRNewswire/ -- Critically-acclaimed game development studio ArenaNet® tonight announced Guild Wars 3™, the third entry in the legendary and beloved Guild Wars® MMORPG franchise and their first new game since 2012. The game will release globally on PC, Steam, and PlayStation 5, marking the first time a Guild Wars game will appear on home consoles. The first beta test is scheduled for fall of 2027.

The official debut trailer features the first in-engine gameplay footage and can be viewed HERE. The first concept art and other assets are hosted at the Guild Wars 3 official press kit.

"Guild Wars 3 is a new era not just for ArenaNet and Guild Wars, but also for MMORPGs as a whole," said Colin Johanson, Guild Wars 3 Game Director and ArenaNet Studio Head. "The MMORPG genre has millions of players worldwide eager for new, modern experiences, and the opportunity to harness that excitement is immense. Our approach with Guild Wars 3 is to push MMORPGs forward, to create an online game world that feels believable, rewarding, responsive, and innovative while at the same time respecting players' time and providing a positive, supportive space to build community and enjoy new stories in our universe."

Taking place over a thousand years before the events of the original game, Guild Wars 3 is set in the Tyrian region of Orr, a vast wilderness frontier imbued with the world's magic. Nature entities with strong connections to the land called Vael spirits embody the vitality of this lush, verdant landscape. Various guilds are engaged in conflict over how to protect or exploit the bounty beyond civilization's borders. These multitudinous spirits will vary in size and influence within the ecosystems around them, with the most notable of these being the Seeker. As seen in the trailer, every player's Seeker will serve as a connection to the spirits of Orr and a mount that will carry them on their journeys through the game's open world.

Players will assume the role of a Vaelwarden, a member of a guild of adventurers committed to preserving and protecting both the spirits of the wild and the land of Orr itself. Through the deep character customization and skill-building gameplay the Guild Wars franchise is known for, players will seek adventure and confront danger across this sumptuous, vibrant online world, growing their relationships with the spirits of the wild, the inhabitants of Orr, and other Vaelwarden players.

A combat system designed from the outset to feel great on both a controller and keyboard rewards positioning by emphasizing the joy of movement and momentum. As players seamlessly transition between various movement modes, they can harness their speed and turn it into bigger damage and impact when fighting their foes.  

More information about pricing, beta tests, release date, and gameplay features will be revealed later in 2026 and into 2027. Guild Wars 3 will be available directly from the developers at GuildWars3.com, and can be wishlisted on Steam and the PlayStation Store beginning today, with more information available at the game's official website.

About the Guild Wars Franchise
Guild Wars is the award-winning, visually stunning MMORPG franchise that originally launched in 2005 on PC. Boasting a timeless art-brought-to-life aesthetic, the epic grandeur of massive role-playing environments, fast-paced action combat, large-scale dynamic events that players tackle together in the open world, team-based competitive player-versus-player battles, and a sprawling fantasy storyline, the series is often proclaimed as having the friendliest player community in gaming. Guild Wars was relaunched as Guild Wars Reforged in 2025 and expanded to mobile devices in 2026. Guild Wars 2® launched in 2012 on PC and quickly earned accolades across the industry, including Time Magazine's 2012 Game of the Year. Unlike most competitors, the franchise has always been playable with no subscription fee required, welcoming over 29 million players across its history.

About ArenaNet
ArenaNet is the developer of the best-selling Guild Wars Reforged and the groundbreaking Guild Wars 2 massively multiplayer online PC role-playing games. The studio's mission is to create innovative online worlds, cultivate a vibrant and engaged global community of players, and to incorporate handcrafted artistry into every aspect of their games. ArenaNet formed in 2000, with press and fans consistently calling Guild Wars and Guild Wars 2 two of the best MMOs and RPGs of all time. Based in Bellevue, WA, ArenaNet is a wholly-owned subsidiary of Korean gaming giant NC.

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

Guild Wars 3, Modern Evolution of the MMORPG, Announced at Summer Game Fest for PC and PlayStation 5

Guild Wars 3, Modern Evolution of the MMORPG, Announced at Summer Game Fest for PC and PlayStation 5

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