• Newsletter
  • Contact
  • Press Releases
Thursday, June 5, 2025
Stay Ahead with Heaptalk: Your Go-To Source for Business News
  • Login
  • Register
  • Whats on
  • News
  • Events
  • Technology
  • Industry
  • GovAct
  • Expert Talk
  • Insight
  • Sustainability
No Result
View All Result
Stay Ahead with Heaptalk: Your Go-To Source for Business News
  • Whats on
  • News
  • Events
  • Technology
  • Industry
  • GovAct
  • Expert Talk
  • Insight
  • Sustainability
No Result
View All Result
Stay Ahead with Heaptalk: Your Go-To Source for Business News
No Result
View All Result
Home Feature News

A report: Indonesia’s digital economy would reach $110 billion in the next two years

Indonesia's digital economy performed a stable growth and is predicted to reach US$82 million of GMV, elevating 8% YoY this year

Syifa by Syifa
November 10, 2023
in Feature News, Insight, News
0
digital economy

Illustration of digital economy growth

Share on FacebookShare on Twitter

Heaptalk, Jakarta — The latest e-Conomy SEA 2023 report arranged by Google, Temasek, and Bain & Company projected Indonesia’s Gross Merchandise Value (GMV) would attain US$110 billion (around Rp1,719 trillion) by 2025. The report also revealed that Indonesia’s digital economy performed a stable growth and is predicted to reach US$82 million of GMV, elevating 8% YoY this year. The digital-based businesses have transformed their focus into monetization towards profitability.

The digital economy in the country is forecasted to continue uplifting, aligned with regional growth on average, and expected to be the main driving force of Southeast Asia’s digital economy enhancement.

Managing Director of Google Indonesia, Randy Jusuf, admitted, “Amidst macroeconomic uncertainty, the Indonesian people show extraordinary resilience yearly. Digital platform users have become an essential part of everyday life. As the digital divide narrows, especially outside metropolitan areas, the number of Indonesian active users of digital services is projected to grow significantly. This situation will fuel further growth in this digital decade, enabling us to reach a GMV of US110 billion by 2025.

World Ai Jakarta 2025
World Ai Jakarta 2025

The report also disclosed multiple sectors contributed to the growth of the digital ecosystem in the archipelago, including:

  1. E-commerce, this sector continues to drive Indonesia’s digital economy. This sector penetration is predicted to grow, while the increasing consumer spending and general economy enhancement, with expected GMV development up to 15%, attaining US$82 billion by 2025, compared to this year at US$62 billion.
  2. Travel also performed the most significant increase at 68% in 2023, reaching a US$6 billion GMV value. According to the report, the lifting of mobility restrictions in the post-pandemic becomes a significant factor as it drives increased domestic demand and business travel.
  3. Transportation and food delivery is estimated to decrease its GMV value, becoming US$7 billion by the end of this year. Nevertheless, this sector is projected to grow with a CAGR of 13%, reaching US$9 billion in GMV in 2025 as the sector players have minimized promotions and incentives to balance this enhancement.
  4. Online media encountered moderate growth, with a GMV of US$7 billion and a CAGR of 5%. This sector’s GMV is expected to double to US$15 billion by 2030.

With this record, the report revealed that the archipelago is estimated to be the most prominent digital payments market in Southeast Asia, with a projected Gross Transaction Value (GTV) reaching US$760 billion by 2030. The digital payment has evolved up to 10%, attaining US$313 billion this year.

Digital loans are believed to grow to $15 billion by 2025, more than double the projected 2023 value of US$6 billion. With increasingly tight competition among digital financial service (DFS) players, the report disclosed that the pure play fintech businesses have expanded their loan services to segments that have previously relied more on non-bank financial services. Meanwhile, traditional banks are also initiating to shift their primary customer base to digital services.

“Southeast Asia’s digital economy is resilient, and the sector players have made strides towards a healthier and more sustainable economic unit. Indonesia’s economy remains the largest and most diverse in SEA. In addition to the digital payments market continuing to grow, we also believe offline-to-online behavior will boost the digital financial services sector.” The Partner and Head of Vector in SEA of Bain & Company, Aadarsh Baijal, said.

Related Posts

Paving the Way for Expatriate Homeownership: Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

Paving the Way for Expatriate Homeownership: Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

June 5, 2025
KL1 Phase 2 has been completed. Credit: Equinix

Equinix completes KL1 Phase 2 data center in Kuala Lumpur

June 2, 2025
Commemorating Professor Soemitro's 108th anniversary at Soemitro Center (05/29). Credit: Haris

Soemitro Center: A platform for Indonesia’s young economists

May 31, 2025
Lifree breathable adult diapers can help improve skin health. Credit: Haris

Unicharm research: Lifree improves quality of life for elderly

May 31, 2025
Xiaomi's premiumization strategy has yielded positive results in Q1 2025. Credit: Sinta

Applying premiumization strategy, Xiaomi gains 64.5% net profit jump in Q1 2025

May 31, 2025
Kaspersky appointed Defi Nofitra as first country manager for Indonesia. Credit: Kaspersky

Kaspersky appoints Defi Nofitra as first country manager for Indonesia

May 31, 2025
  • 32321

    New tech layoff chapter, Microsoft lays off thousands of its cloud unit ‘Azure’

    1 shares
    Share 0 Tweet 0
  • Nokia rolls out 6600 5G Ultra

    0 shares
    Share 0 Tweet 0
  • Performing a second layoff round, Morgan Stanley to reduce 3,000 workforces in Q2 2023

    1 shares
    Share 0 Tweet 0
  • TikTok Shop to reach a US$15 billion in its GMV transactions

    1 shares
    Share 0 Tweet 0
  • International Women’s Day – Opportunity for Businesses to Support Women in the Workplace

    0 shares
    Share 0 Tweet 0
the 10th world battery & energy industry expo 2025World Ai Jakarta 2025
Heaptalk business news logo

We Build an Ecosystem by Sharing Business News, Headlines and Expert Talks in Professional Perspective and Positive Point of View. Latest business news media headlines platform today.

Recent Posts

  • Paving the Way for Expatriate Homeownership: Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program
  • Equinix completes KL1 Phase 2 data center in Kuala Lumpur
  • Soemitro Center: A platform for Indonesia’s young economists
  • Unicharm research: Lifree improves quality of life for elderly
  • Applying premiumization strategy, Xiaomi gains 64.5% net profit jump in Q1 2025

Follow Us

Facebook
Twitter
LinkedIn Youtube Instagram RSS

Newsletter

  • About Us
  • Editorial
  • Newsletter
  • Contact
  • Privacy Policy
  • Cyber Media Guidelines
  • Disclaimer
  • SOP Perlindungan Wartawan

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
No Result
View All Result
  • Home
  • News
  • Technology
  • Industry
  • GovAct
  • Events
  • Whats on
  • Expert Talk
  • Insight
  • Sustainability
  • Newsletter
  • Press Releases
  • Login
  • Sign Up

© 2024 Heaptalk.com