BI Reveals QRIS Capai Transactions Of IDR 31.65 Trillion

JAKARTA - Bank Indonesia (BI) noted that the performance of digital economic and financial transactions remains strong, supported by a safe, smooth, and reliable payment system.

In January 2024, the value of digital banking transactions was recorded at IDR 5,335.33 trillion or grew 17.19 percent (yoy). The transaction value of Electronic Money (EU) increased 39.28 percent (yoy) to IDR 83.37 trillion.

Bank Indonesia Governor Perry Warjiyo said the nominal QRIS transactions grew 149.46 percent (yoy) and reached IDR 31.65 trillion, with 46.37 million users and 30.88 million merchants, most of whom were MSMEs.

"The value of payment transactions using ATM cards, debit cards, and credit cards reached Rp692.32 trillion, an increase of 2.58% (yoy)," he said at the press conference of the RDG in February 2024, Wednesday, February 21, 2024.

In terms of managing Rupiah money, the amount of Circulated Kartal Money (UYD) in January 2024 increased 9.21 percent (yoy) to Rp1,015.68 trillion.

Meanwhile, the smoothness and reliability of the Bank Indonesia Payment System (SPBI) is well maintained, supported by adequate liquidity conditions.

The SPBI runs smoothly, safely, and reliably and is supported by maintained risk of liquidity and operational risks.

Bank Indonesia continues to ensure the availability of sufficient Rupiah with a decent quality in all regions of the Republic of Indonesia, especially in welcoming Ramadan and Eid al-Fitr 1445 Hijri through the Semarak Rupiah Ramadan and Berkah Idulfitri (SERAMBI) 2024 program.

Perry added that the Rupiah exchange rate in February 2024 which strengthened again was 0.77 percent as of February 20, 2024, after experiencing weakness in January.

The rupiah exchange rate in January 2024 weakened 2.43 percent, while in February 2024 (until February 20, 2024) it rose 0.77 percent again.

"The strengthening of the Rupiah exchange rate was driven by the stabilization policy taken by Bank Indonesia, the flow of foreign capital into the domestic financial market is in line with investor's positive perception of economic prospects that remain good with maintained stability and attractive returns from domestic financial assets," he said.

In the future, Perry said that the Rupiah exchange rate is predicted to be stable with a strong trend driven by the continued flow of foreign capital entry, supported by Bank Indonesia's stabilization policy, as well as strengthening the pro-market monetary operation strategy through optimizing SRBI, SVBI, and SUVBI instruments.