Indonesia upbeat about digital finance growth in 2023

BI Governor Perry Warjiyo (Photo: Antara)

Jakarta (VNA) – Governor of Bank Indonesia (BI) Perry Warjiyo has expressed his optimism about Indonesia's digital finance growth outlook for 2023 despite the global economic stagnation expected the same year.

During the recent coordination meeting of the Regional Digitization Acceleration and Expansion Team (TP2DD), he forecast that by 2023, the total transaction value in the national e-commerce ecosystem would reach 572 trillion rupiah (36.5 billion USD) while digital banking transactions would reach 67.6 trillion rupiah and electronic cash transaction 508 trillion rupiah.

He said the total number of QR Code Indonesia Standard (QRIS) users in the country reached 30 million in November 2022 and the number is expected to increase to 45 million by 2023.

Meanwhile, at least 283 regional authorities have been digitized, an increase of 42% year on year, he informed.

Sharing Warjiyo's optimism, Coordinating Minister for Economic Affairs Airlangga Hartarto said 65% of regional authorities will be digitised by 2023./.