Indonesia makes up 40% of digital transaction value in Southeast Asia
Indonesia accounts for around 40%, or 77 billion USD, of the total digital economic transaction value in Southeast Asia, the Financial Services Authority (OJK) has cited the e-Conomy South East Asia Report of 2022 as saying.
Jakarta (VNA) – Indonesia accounts for around 40%,or 77 billion USD, of the total digital economic transaction value in SoutheastAsia, the Financial Services Authority (OJK) has cited the e-Conomy SouthEast Asia Report of 2022 as saying.
The value of these transactions in Indonesia in 2022 grew22% compared to the previous year, OJK chief executive Ogi Prastomiyono said onMarch 16.
This achievement has made the country a significant digitaleconomy player in the ASEAN region, he added.
According to Prastomiyono, one of the factors supporting thegrowth of the Indonesian digital economy has been the number of financialtechnology companies (fintech) capable of creating efficiencies and moreaccessible financial services.
As of January, there were 102 fintech companies connectingborrowers and lenders or offering peer-to-peer lending (P2P)./.
The Indonesian Ministry of Agriculture’s Data and IT Centre, in collaboration with the United Nations' Food and Agriculture Organisation (FAO), launched an agriculture digitalisation strategy called the “e-Agriculture National Strategy” on February 28.
Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto has said with a positive work performance and a strong foundation, the government is confident of achieving twofold digital economy growth by 2025.
ASEAN has sufficient resources to become a centre of world economic growth with a GDP reaching USD 3.36 trillion in 2021 and a population of 650 million people, Indonesia’s Coordinating Minister for Economic Affairs Airlangga Hartarto said on March 15.
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