Expect digital finance to drive national economic growth: Vice President
Jakarta (ANTARA) – The increased potential of digital finance, including the use of electronic money, is expected to encourage national economic growth, in general, Vice President Ma’ruf Amin said.
“The great potential of the digital economy, including electronic money, is able to encourage national economic growth. Shariah digital economic services should also support national economic resilience and become an accelerator of development in the sector economic,” Amin told LinkAja. Shariah Friday event.
Data from Bank Indonesia (BI) showed that e-money transactions grew by 42.06 percent in the first quarter of 2022, he noted.
BI had previously predicted that digital money transactions would grow by 18.03% throughout 2022. If this growth materializes, total electronic money transactions will reach 360 trillion rupees for the year.
“This figure is expected to grow, in line with public acceptance and preference for using e-money,” Amin said.
The increase in e-money transactions has been driven by a number of factors, including the development of digital technology; changes in people’s preference for convenient, safe, convenient and fast transactions; and new ways of doing transactions that have changed since the COVID-19 pandemic, he added.
“The growing popularity of e-money as a payment tool has expanded its function to pay bills, taxes and distribute social funds,” Amin noted.
For this reason, the Vice President said he hopes digital and Islamic finance industry stakeholders will play a role in improving public financial literacy and inclusion.
“We hope he will be able to bring confidence and tranquility to the community by maximizing the role and potential of his services with a commitment to maintaining safety and benefits,” he said.
With the rise of e-money, there is a need to increase protection against the risk of cybercrime, while meeting the needs of a dynamic society, he said.
Amin further said that he hopes that state-owned digital financial platforms such as LinkAja Sharia can further expand collaboration with various Sharia economic actors, especially to support Micro, Small and Medium Enterprises (MSMEs). and Islamic social funds.
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