Banking - QRIS transaction volume saw 175.2% surge in 2024

Banking - QRIS transaction volume saw 175.2% surge in 2024 Bank Indonesia Reports Surge in Digital Transactions. BI announced a 36.1% yoy surge in digital transactions in 2024, reaching 34.5 bn. This growth was fueled by a robust 175.2% increase in QRIS transactions, alongside significant growth in mobile app and internet transactions. BI-Fast retail transactions soared 62.4% yoy, reaching 3.4 bn transactions. Governor Perry Warjiyo highlighted the continued expansion of digital finance, with projections for 52.3% growth in 2025. BI remains committed to strengthening digital transactions, ensuring a stable payment system, and maintaining sufficient currency circulation across Indonesia, particularly in remote regions. (Source : Idn Financials).