BI Reveals QRIS Transactions Up 209 Percent

JAKARTA - Bank Indonesia (BI) noted that QRIS transactions continued to grow rapidly by 209.61 percent (yoy), with the number of users reaching 53.3 million and the number of merchants of 34.23 million.

BI Governor Perry Warjiyo said the performance of digital economic and financial transactions in the third quarter of 2024 will continue to grow, supported by a safe, smooth and reliable payment system.

"In terms of large value, BI-RTGS transactions increased 16.0 percent (yoy) to reach IDR 45,252 trillion. From a retail perspective, BI-FAST transaction volume grew 61.10 percent (yoy) to reach 924.89 million transactions," he explained at a press conference, Wednesday, October 16.

Meanwhile, in terms of payment transactions using ATM/Debit cards, it fell 8.59 percent (yoy) to 1,738.53 million transactions.

"Credit card transactions grew 14.84 percent (yoy) to 116.97 million transactions," he said.

Overall digital banking transactions recorded 5,666.28 million transactions or grew by 34.43 percent (yoy).

Meanwhile, Electronic Money (EU) transactions grew 29.11 percent (yoy) to reach 4.001.11 million transactions.

Meanwhile, from the management of Rupiah, the amount of cash circulated (UYD) grew 9.96 percent (yoy) to IDR 1,057.4 trillion.