Bisnis.com, JAKARTA — Indonesia's large banks are ramping up their mobile banking segment, as reflected in the marked surge of transactions and users at each bank over the past year.
Bank Indonesia (BI) recorded that digital economic and financial transactions continued to grow in January, mainly supported by a secure, smooth, and reliable payment system.
Digital payments reached 3.5 billion transactions, growing 35.3 percent year-on-year (YoY). Transaction volumes on mobile banking and internet banking applications grew by 29.7 percent YoY and 19.8 percent YoY, respectively.