{"id":56064,"date":"2021-12-11T06:55:04","date_gmt":"2021-12-11T06:55:04","guid":{"rendered":"https:\/\/indonesiatribune.com\/?p=56064"},"modified":"2021-12-12T06:57:40","modified_gmt":"2021-12-12T06:57:40","slug":"e-commerce-transaction-value-to-reach-rp530-trillion-in-2022-bi","status":"publish","type":"post","link":"https:\/\/indonesiatribune.com\/e-commerce-transaction-value-to-reach-rp530-trillion-in-2022-bi\/","title":{"rendered":"E-commerce transaction value to reach Rp530 trillion in 2022: BI"},"content":{"rendered":"
Our e-commerce transaction value has outgrown our earlier forecast owing to the market’s great potential<\/em><\/p>\n Jakarta Indonesia’s e-commerce transaction value is projected to reach Rp530 trillion (around US$37.1 billion) in 2022 and exceed the earlier forecast of Rp403 trillion (around US$28.2 billion) in 2021, Bank Indonesia’s (BI’s) Governor Perry Warjiyo\u00a0stated.<\/p>\n “Our e-commerce transaction value has outgrown our earlier forecast owing to the market’s great potential,” Warjiyo stated at the 3rd Indonesia Fintech Summit 2021 in Jakarta on Saturday.<\/p>\n The governor reiterated the central bank’s commitment to driving improvement in four areas to support achievement of the forecasted value and maximise the potential offered by the e-commerce sector.<\/p>\n The governor remains committed to boosting the development of infrastructure, including of transportation and logistics, to ensure nationwide coverage of digital infrastructure and access.<\/p>\n “While I laud parties that invest in digital infrastructure, I also remind everyone that improvements are deemed necessary in physical connectivity and logistics access,” he remarked.<\/p>\n Improvement in infrastructure of the digital ecosystem, including the digital banking system, financial technology system, and e-commerce infrastructure, was the second area of focus highlighted by Warjiyo.<\/p>\n Integration of the three systems is a must, the governor remarked, adding that the financial technology system is dependent on the digital banking infrastructure as its backbone, and e-commerce plays its role in expanding its user reach.<\/p>\n The central bank has applied reform in the payment system, being the third area to be improved to boost the e-commerce transaction infrastructure in Indonesia, he affirmed.<\/p>\n Warjiyo reiterated the need to enhance digital literacy among residents, so they develop an understanding of digital products and transaction risks while utilising financial technology facilities.<\/p>\n Digital literacy will also allow residents to utilise a secure financial technology facility to benefit the national economy, the governor noted.<\/p>\n <\/p>\n Source: Antara News<\/p>\n","protected":false},"excerpt":{"rendered":" Our e-commerce transaction value has outgrown our earlier forecast owing to the market’s great potential Jakarta Indonesia’s e-commerce transaction value is projected to reach Rp530 trillion (around US$37.1 billion) in 2022 and exceed the earlier forecast of Rp403 trillion (around US$28.2 billion) in 2021, Bank Indonesia’s (BI’s) Governor Perry Warjiyo\u00a0stated. “Our e-commerce transaction value has … Read more<\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yoast_head":"\n