BI: Electronic Money Transactions Reach IDR 39.21 Trillion In July 2023

Governor of Bank Indonesia (BI) Perry Warjiyo. (Photo: Doc. Antara)

JAKARTA - Bank Indonesia (BI) noted that the value of electronic money transactions increased by 10.5 percent in July 2023 year on year (yoy), reaching IDR 39.21 trillion.

Meanwhile, the value of digital banking transactions was recorded at IDR 5,035.37 trillion or grew by 15.5 percent (yoy).

"The performance of digital economic and financial transactions remains strong, supported by a safe, smooth and reliable payment system," said BI Governor Perry Warjiyo at a press conference in Jakarta, quoted from Antara, Friday, August 25.

Perry said the nominal QRIS transactions continued to show growth of 84.5 percent (yoy) to reach Rp18.01 trillion, with 38.24 million users and 27.51 million merchants, most of whom are micro, small and medium enterprises (MSMEs).

Bank Indonesia continues to encourage the acceleration of digitalization of payment systems and the expansion of cooperation between countries in payment systems to encourage financial economic inclusion and expansion of digital economy and finance.

Meanwhile, the value of payment transactions using ATM cards, debit cards, and credit cards reached Rp707.90 trillion, down by 4.26 percent (yoy).

In terms of rupiah currency management, the amount of Circulated Kartal Money (UYD) in July 2023 increased by 4.14 percent (yoy) to Rp951.13 trillion.

BI continues to ensure the availability of Rupiah money with quality maintained throughout Indonesia through the Rupiah money distribution program to the 3T area (outermost, frontier, remote) as well as through Mobile Cash, Tipian Cash and Sovereign Rupiah Expedition activities.