Digital Transactions Continue To Increase Along With The Efficiency Of Payment Systems In Indonesia

Illustration (Photo: Doc. Antara)

JAKARTA Bank Indonesia (BI) has stated that it will continue to encourage increased efficiency of the national payment system.

BI Governor Perry Warjiyo said the strategy implemented by the central bank was to strengthen policies and accelerate digitalization to maintain the momentum of economic recovery.

"Digital economic and financial transactions are increasing, supported by the increasing acceptance and preference of the public in online shopping, the breadth and ease of digital payment systems, as well as the rapid digital banking," he said when giving a press statement quoted on Friday, December 23.

Perry explained, the value of electronic money transactions (EU) in November 2022 grew 12.8 percent on an annual basis or year on year (yoy) reaching Rp35.3 trillion.

Meanwhile, the value of digital banking transactions increased by 13.8 percent to IDR 4,561.2 trillion.

"This note is in line with the normalization of community mobility," he added.

Perry added, the value of payment transactions using ATM cards, debit cards, and credit cards also increased 16.8 percent to Rp664.9 trillion.

Meanwhile, the amount of cash circulated (UYD) in November 2022 increased by 7.7 percent to Rp935.2 trillion.

"Bank Indonesia continues to ensure the availability of Rupiah money with quality maintained throughout the Republic of Indonesia and ensures the smoothness of the national payment system in anticipation of Christmas and New Year," concluded BI Governor Perry Warjiyo.