Banking - Banks are optimistic that digital transaction growth will accelerate

Banking - Banks are optimistic that digital transaction growth will accelerate Digital banking transactions are projected to continue to experience rapid growth for at least the next two years. This is in line with several innovations and strengthening effort made by several banks. Bank Indonesia (BI) is also targeting digital banking transactions in 2024 to reach IDR 71,548 tn or equivalent to a growth of around 23.2% yoy, and in the following year, the target for digital transactions is targeted to reach IDR 85,044 tn. According to BI Governor Perry Warjiyo, the digital financial economy is increasing rapidly. On the payment system, digitalization will continue to be accelerated in 2024 with the target of accelerating the national digital financial economy, a healthy and efficient industrial structure, and safe and reliable infrastructure. (Source: Kontan).