Mastercard: Indonesia Has A Great Potential for Digital Economy

TRIBUNBATAM.id - Mastercard assessed that Indonesia is a promising market for the digital economy.

This was revealed by Executive Vice President of Digital & Emerging Partnerships and New Payment Flows Mastercard for Asia Pacific, Rama Sridhar, in a special interview to Kompas.com in his office, at DUO Tower, Singapore, Tuesday (12/11/2019). 

"First of all, Indonesia has fantastic economic growth. Indonesia's digital potential is huge," said Rama.

"I reckon, for the Asean region, I did a study last week, we see profits from the digital sector in Asean almost one trillion dollars, no doubt Indonesia has a big role in that," he continued. 

According to him, there are several reasons for the digital economy in Indonesia to have great potential.

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First, Rama said that Indonesia has a demographic bonus with a large population.

Then, the number of smartphones as well as underbanked consumers. 

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"Therefore, I believe that Indonesia has many opportunities, after all aspects of digitalization are available," he said.

Even so, Rama considered that Indonesia had just begun its journey to become a non-cash or cashless society. (*) 

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