Indonesia's E-Wallet Market Projected to Reach US$70 Billion by 2025

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Reza Pahlevi 21/03/2022 17:50 WIB

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Indonesia's digital wallet transaction value is projected to reach US$70.1 billion in 2025. This represents 55% of the total e-wallet transaction value in the Asia-Pacific region.

Projected Value of E-Wallet Transactions in Indonesia (2021-2025)

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Projected Value of E-Wallet Transactions in Indonesia (2021-2025)

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According to RedSeer, a marketing consultancy based in India, the transaction value of digital wallets or e-wallets in Indonesia is projected to reach US$70.1 billion in 2025. This represents 55% of the total e-wallet transaction value in the Asia Pacific region.

In 2020, Indonesia's e-wallet transaction value was recorded at US$17.8 billion. RedSeer estimates that the compound annual growth rate (CAGR) of Indonesia's e-wallets could reach 31.5% until 2025.

RedSeer projects the transaction value to reach US$28 billion in 2021, US$30.8 billion in 2022, US$40.5 billion in 2023, and US$53.3 billion in 2024.

RedSeer is optimistic that the Covid-19 pandemic will accelerate the adoption of digital payments. This e-wallet growth until 2025 is also predicted to be supported by e-commerce and micro, small, and medium enterprises (MSMEs) shifting online.

Indonesia's e-commerce market is also expected to increase to US$137.5 billion in 2025. This represents 60% of the total transaction value in the Asia Pacific region.

(Also Read: [Indonesia's E-commerce Transaction Value is Estimated to Reach US$137.5 Billion in 2025](https://databoks.katadata.co.id/datapublish/2022/03/18/nilai-transaksi-e-commerce-indonesia-diperkirakan-capai-us1375-miliar-pada-2025))

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Indonesia's E-Wallet Market Projected to Reach US$70 Billion by 2025

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Indonesia's E-Wallet Market Projected to Reach US$70 Billion by 2025

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Number of Visitors to Shopee, Tokopedia, Lazada, and Blibli Websites, November 2025

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