Jakarta, The Indonesia Post – Bank Indonesia (BI) reported that the value of electronic money transactions in 2022 grew 30.84 percent compared to the same period the previous year (year-on-year/yoy) so that it reached IDR 399.6 trillion.
“In 2022, digital economic and financial transactions will develop rapidly, supported by increasing public acceptance and preference for online shopping,” BI Governor Perry Warjiyo said in the Announcement of the January 2023 RDG Results monitored online in Jakarta, Thursday.
The rapid development of digital economic and financial transactions is also due to the breadth and ease of digital payment systems, as well as the speed of digital banking.
Perry Warjiyo said BI projects that the value of electronic money transactions will increase by 23.90 percent (yoy) to reach IDR 495.2 trillion in 2023.
Meanwhile, the value of digital banking transactions grew by 28.72 percent (yoy) in 2022 to IDR 52,545.8 trillion and is projected to grow 22.13 percent (yoy) to reach IDR 64,175.1 trillion in 2023.
Bank Indonesia continues to maintain stability and improve payment system efficiency by strengthening policies and accelerating payment system digitization to maintain the momentum of economic recovery.
On the other hand, he said, the amount of currency in circulation (UYD) in December 2022 rose 6.95 percent (yoy) to reach IDR 1,026.5 trillion.
Perry Warjiyo said that in 2023 Bank Indonesia will continue to encourage payment system innovation and ensure the availability of rupiah currency with maintained quality throughout the territory of the Unitary State of the Republic of Indonesia (NKRI), including through expanding the distribution of rupiah currency suitable for circulation to the outermost, outermost, and remote areas. (3T).
In addition, Bank Indonesia continues to expand the implementation of QRIS through a strategy of 45 million users and 1 billion transaction volumes in 2023 as well as developing QRIS and QRIS features between countries. This was done to strengthen payment system policies in order to maintain the momentum of economic recovery. (mhn/bbs)
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