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Bank Indonesia Governor: Online Transactions Reach Rp75tn
Bank Indonesia Governor Agus Martowardojo. ANTARA FOTO
Thursday, 10 August, 2017 | 10:02 WIB
Bank Indonesia Governor: Online Transactions Reach Rp75tn

TEMPO.CO, Jakarta - Bank Indonesia (BI) Governor Agus Martowardojo said that online transactions (e-commerce) reached Rp75 trillion in the past year. He said that 2.47 million internet users shopped online in 2016.

“Every e-commerce user spends Rp3 million annually in various e-commerce [platforms],” Agus said yesterday at Bank Indonesia building in Jakarta.

Agus said that the high volume of online shopping is in line with Indonesians’ active use of social media. He said that the digital revolution is inevitable.

Read: Alibaba Eyeing Indonesian Major E-Commerce Company

The digital revolution also helped boost the growth of Indonesian start-ups, Agus said. “Be it in trade and services, e-commerce, modes of payment as well as financing,” he added.

According to Agus, the digital revolution in Indonesia is also experienced by the financial sector as reflected in the number of financial technology players that grew 78 percent between 2015 and 2016.

However, Agus said that such a huge potential has not been fully exploited as shown by Indonesia’s internet penetration at only 51 percent in 2016. The figure is lagging far behind the neighboring countries such as Malaysia and Thailand with 71 percent and 67 percent, respectively.

Agus explained that other factors (related to e-commerce) is being the low-quality internet service, citing 4G coverage which is only 23 percent in Indonesia. He said that Indonesia should invest more in IT sector.




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