Bank Indonesia: Indonesian Electronic Money Transactions Reach Rp 35 Trillion by December 2021

Bank Indonesia (BI) recorded electronic money transactions reaching Rp 35.10 trillion (approximately US$2.4 billion) in December 2021. This represents a 58.60% increase compared to the same period the previous year.

In December 2020, electronic money transactions totaled Rp 22.13 trillion (approximately US$1.5 billion). Furthermore, this figure also shows a 12.17% increase compared to November 2021, which reached Rp 31.29 trillion (approximately US$2.1 billion).

The volume of electronic money transactions in Indonesia reached 602.29 million in December 2021. This is a 13.63% increase compared to November 2021, which recorded 530.02 million transactions.

The transaction volume increased by 37.49% compared to December 2020, when the volume of electronic money transactions was recorded at 438.04 million.

Bank Indonesia Governor Perry Warjiyo stated that the increase in electronic money transactions in Indonesia is in line with the growing acceptance and preference of the public for online shopping. In addition, the increase in transactions was also driven by the expansion and ease of digital payment systems and the acceleration of digital banking.