Jakarta. Bank Indonesia expects the country’s digital payment transactions to grow by 29.7% next year as the use of QR-code payments widens and public trust in cashless systems increases..

“The outlook is supported by the expansion of QRIS usage, ongoing technological innovation, strengthened security, and, of course, growing public trust,” Deputy Governor Filianingsih Hendarta told a press conference following the central bank’s December 2025 board of governors meeting on Wednesday.

Indonesia’s digital economy recorded solid growth throughout 2025, reflected in a sharp rise in digital payment transactions through November. The volume of digital payment transactions surged 41.12% year on year to 4.66 billion transactions, covering mobile banking, QRIS and internet banking services.

Mobile banking continued to dominate by volume, accounting for 2.79 billion transactions, followed by QRIS with 1.68 billion transactions. In terms of growth rates, mobile banking and internet banking transactions rose 15.91% and 16.11%, respectively, from a year earlier. QRIS transactions posted the fastest expansion, soaring 143.64% year on year.

Filianingsih said the figures point to the increasingly broad adoption of digital payments among households as well as micro, small and medium-sized enterprises.

“This performance shows that the digitalization of the payment system has become a core foundation of economic activity, particularly for consumption, transportation and public services,” she said.

On payment infrastructure, Bank Indonesia reported that retail transactions processed through its BI-Fast system reached 439 million transactions as of November 2025, up 29.77% from a year earlier, with a total transaction value of Rp 1,092 trillion ($70 billion).

Large-value transactions processed through the BI real-time gross settlement system, or BI-RTGS, totaled about 870,000 transactions over the same period, with a combined value of Rp 20,463 trillion.

Meanwhile, currency in circulation continued to grow alongside digital adoption. Bank Indonesia said rupiah banknotes and coins in circulation rose 13.09% year on year to Rp 1,250.6 trillion as of November, reflecting sustained cash demand even as digital payments expand.

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