Digital Transactions In Indonesia Continue To Grow

Digital transactions in Indonesia are growing rapidly as the the digital economy in the country continues to expand in scope and size.

Bank indonesia noted that in January 2023, electronic money transactions grew by 26 percent compared to January last year, and reached 36 point Rp5-7 trillion in value.

Digital banking transactions also grew 27,9 percent  to reach 4.900 point Rp6 trillion.

Other forms of non-cash payments such as payments using debit and credit cards also rose five point 4 percent.

Bank Indonesia's Governor Perry Warjiyo said, that the Indonesian central Bank will continue to support digital payments in the country by improving the efficiency of digital cross border payments and accelerating the digitization of payments.