Tuesday, April 14, 2015

Thanks to E-Commerce, Card Transactions Will Become Increasingly Common

Bisnis.com, JAKARTA (4/15/2015) – Among business people in the electronic commerce (e-commerce) payment system industry, card transactions will become one of the engines of growth over the next several years. This is in line with the predicted growth in card transaction value hitting Rp300 trillion next year.

Budi Gandasoebrata, Director of Midtrans Joint Stock Company (Veritrans Indonesia), said that the e-commerce industry is closely related to payment systems, such that growth in this sector will also support growth in payment transactions.

“In e-commerce, bank transfer is the most popular method, but merchants also have a great need for credit cards because they are easier,” he said to Bisnis.com on Tuesday (4/14).

Veritrans is a provider of payment gateway services for 400 e-commerce business ventures, with transactions including debit, online debit, credit card, and electronic payment from telecommunications companies.

Budi emphasized that growth in card-enabled payments will be driven by the e-commerce sector. However, in particular, growth in credit card transactions will be predominantly for cross-border transactions. “There is the factor of cross-border transactions increasing within ASEAN,” he said.

The industry saw a growth of 6.3% in credit card transaction volume last year, reaching 254.32 million transactions. The nominal value of transactions grew by 14.1%, reaching Rp255 trillion.

Meanwhile, the nominal growth of debit card transactions grew by 17.06%, reaching Rp4,445 trillion during 2014. Through February, the transaction amount has reached Rp742 trillion, or 16.69% of last year’s total.

No comments:

Post a Comment