How Large is Indonesia's Fintech Transaction Volume?

Technology & Telecommunications

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22/08/2017 16:10 WIB

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Indonesia Fintech Transactions 2015-2021

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Indonesia Fintech Transactions 2015-2021

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Indonesia's Fintech (Financial Technology) transactions in 2017 were estimated at US$18.65 billion. This figure is projected to surge to US$37.15 billion in 2022, with a Compound Annual Growth Rate (CAGR) of 18.8 percent from 2017 to 2021. The large population and the significant number of Indonesians still unserved by financial institutions present challenges for Fintech startups in the country.

The largest share of digital transaction volume in Indonesia is digital payments, reaching US$18.61 billion in 2017. Meanwhile, China achieved US$1.086 trillion in digital transaction value.

"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."