How many Electronic Money Readers (machines)?

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06/09/2017 15:21 WIB

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Number of Electronic Money Reader Machines 2013-July 2017

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Number of Electronic Money Reader Machines 2013-July 2017

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The government's push for digital financial transactions and a cashless society has led to a significant surge in non-cash transactions. In 2010, e-money transactions totaled 27 million, valued at Rp 693 billion. However, by the end of 2016, this had increased to 684 million transactions, worth over Rp 7 trillion.

Similarly, the infrastructure for e-money has also seen significant growth. In 2013, there were only 139,000 e-money reader units, but by the end of July 2017, this number had reached 455,000. The use of e-money for public transportation (like the Jakarta busway) and entertainment tickets in major cities suggests that e-money transactions will continue to increase, driven by the growing Gen Z population who are digital natives.

"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."