Towards The End Of The Year, The Value Of Digital Financial Transactions Continues To Increase

Illustration of digital transactions (photo: Unsplash)

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

BI Governor Perry Warjiyo said the value of digital banking transactions was recorded at IDR 5,163.76 trillion or grew by 13.21 percent (yoy) until November 2023. Meanwhile, the value of electronic money transactions (EU) increased 16.95 percent (yoy) to reach IDR 41.30 trillion.

"The nominal QRIS transactions grew 157.43 percent (yoy) to reach Rp24.90 trillion, with 45.03 million users and 30.12 million merchants, most of whom are MSMEs," he said at a press conference, Thursday, December 21.

Perry conveyed that the value of payment transactions using ATM cards, debit cards, and credit cards reached Rp662.39 trillion, a decrease of 0.39 percent (yoy). Meanwhile, from the management of Rupiah's money, the amount of Circulated Kartal Money (UYD) in November 2023 increased 5.69 percent (yoy) to Rp988.40 trillion.

According to Perry Bank Indonesia, it will continue to ensure the availability of sufficient Rupiah money, appropriate denominations, with quality maintained throughout the Republic of Indonesia through the Rupiah money distribution program to the Outermost, Frontier, Remote (3T) areas.

"As well as Mobile Cash Activities, Tipian Cash and Sovereign Rupiah Expeditions, including fulfillment for Christmas and New Year's (Nataru) needs," he said.