Digital Economy Transactions Predicted to Grow 73-Percent by 2030

Defara Dhanya Paramitha, reporting for Tempo, says that Citi Commercial Bank Indonesia (Citi Indonesia), a subsidiary of Citigroup from New York, is holding a forum titled ‘Indonesia Digital Leaders’ Summit 2022’ by gathering digital economy players from various sectors. 

In this event, Citi Commercial Bank Indonesia’s Country Head, Patrick Wong, explained that based on the 2022 Southeast Asia E-conomy Report issued by Google , Temasek and Bain & Company, Indonesia is projected to achieve digital economic transactions of USD 360-billion in 2030. 

“This forum comes at the right time as a meeting place to share experiences, network, and exchange ideas with sources, leading experts and fellow digital economy actors,” said Patrick at the Alila Hotel, SCBD area, Jakarta, Monday, November 28, 2022. 

In addition, Indonesia is also expected to experience long-term activity investment growth (2025-2030) of 73-percent compared to today, report Tempo.

Citi Indonesia’s Chief Executive Officer (CEO), Batara Sianturi, said the event contained a discussion about the digital economy landscape amidst the rapid changes in the world economy to uncover new growth opportunities.

“This forum discusses business opportunities in an environmentally sound economy, renewable energy and gender equality. Then, investment dynamics from the perspective of digital economy investors, as well as discussing strategies for increasing the scale of start-up businesses,” said Batara. 

He said the purpose of this forum was to bring together business actors in the digital economy to explore opportunities and share experiences.

“This was initiated by (Citi) Commercial Banking and start-ups in Indonesia are in the top 5 in the world, around 2,300 start-ups in Indonesia,” he said. He conveyed, there are complexities and challenges in digitalization. So that Citi’s priority is placed on digital transformation. 

Digital transformation and growth is one of the three priority issues discussed at Indonesia’s G20 Presidency, in addition to issues of renewable energy transition and global health architecture.

Like many countries in Asia Pacific, Indonesia faces several hurdles in pushing for digitalization within its territory. However, the G20 Summit provides wider opportunities for Indonesian digital businesses to improve, expand their business in terms of quality and quantity, and go international. 

Source: Tempo

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