We all understand that we have tremendous potential

Jakarta Indonesia’s digital economy is the largest in value in Southeast Asia with the total gross merchandise value (GMV) reaching US$70 billion, Finance Minister Sri Mulyani Indrawati has said.

“We all understand that we have tremendous potential,” the minister said at the 3rd Indonesia Fintech Summit 2021 here on Saturday.

According to research by Google, Temasek, and Bain & Company, digital payments will continue to grow strongly in Indonesia, with gross transaction value expected to reach US$1.2 trillion in 2025, she noted.

Digital payments dominate the financial technology (fintech) industry in Indonesia, in addition to peer-to-peer (P2P) lending, which, in recent years, has continued to increase, both in terms of the number of borrower accounts, lenders, and the total loan nominal, she added.

Source: Antara News