Debit Card Transaction Value Grew 1.33% in November 2021

Bank Indonesia (BI) reports show that debit card transactions totaled Rp 651.38 trillion in November 2021. This figure represents a 1.33% increase from the previous month's Rp 642.82 trillion and an 8.06% increase compared to November 2020, which recorded Rp 602.75 trillion.

This increase in transaction value occurred in two categories. First, intrabank transfers using debit cards reached Rp 249.42 trillion, a 4.48% increase from Rp 238.72 trillion in October 2021. Second, interbank transfers using debit cards saw a slight increase of 0.72%, rising from Rp 113.32 trillion to Rp 114.14 trillion last month.

Meanwhile, cash transactions using debit cards decreased by 1.05%, falling from Rp 259.77 trillion to Rp 257.05 trillion. Similarly, debit card purchase transactions saw a slight decrease of 0.80%, dropping from Rp 31 trillion to Rp 30.75 trillion.

The volume of debit card transactions reached 606.54 million in November 2021, an increase from the previous month's 605.6 million.

Specifically, the volume of interbank transfer transactions using debit cards increased by 2.21% to 56.72 million transactions. The volume of intrabank transactions using debit cards also increased by 4.42%, reaching 132.53 million transactions.

Conversely, the volume of cash transactions using debit cards decreased by 1.04% to 345.56 million transactions. The volume of purchase transactions using debit cards also decreased by 3.05% to 71.72 million transactions.