Indonesia's Electronic Money Transaction Value Increased to Rp 27.63 Trillion in September 2021

Bank Indonesia (BI) recorded electronic money transactions worth Rp 27.63 trillion in September 2021. This figure represents an 11.65% increase compared to the previous month's Rp 24.75 trillion.

Last month's electronic money transaction value increased by 56.30% year-on-year. In September 2020, the value of electronic money transactions reached Rp 17.68 trillion.

The volume of electronic money transactions reached 470.90 million in September 2021. This is a 7.26% increase compared to August 2021, which recorded 439.01 million transactions.

This transaction volume increased by 28.38% compared to September 2020, when the volume of electronic money transactions was 366.78 million.

The use of electronic money has become increasingly popular among the public since the COVID-19 pandemic. This is because such transactions are considered safer and involve minimal direct contact, thus helping to prevent the spread of the coronavirus.

Furthermore, electronic transactions are considered more practical and efficient. Another factor driving the use of electronic money is the abundance of discounts and various other promotions.