October 16, 2025 | 09:41 pm
TEMPO.CO, Jakarta - Coordinating Minister for the Economy Airlangga Hartarto claimed that Indonesia's digital economy is not afraid of tariff barriers resulting from trade wars. Airlangga said that the potential value of Indonesia's digital economy sector has now reached US$150 billion.
"In the digital sector, we are very dominant. In fact, the value of our digital economy is US$150 billion. And the digital economy is not afraid of tariffs," said Airlangga during the event commemorating the First Year of the Prabowo-Gibran Government at Hotel JS Luwansa, Jakarta, on Thursday, October 16, 2025. He mentioned that one indicator of digital economic development is the 8 percent growth of logistics and warehousing businesses.
Furthermore, Airlangga stated that Indonesia continues to strengthen the digital economy through Local Currency Transaction (LCT) cooperation via the Quick Response Code Indonesian Standard (QRIS). Indonesia has established cooperation with Malaysia, Thailand, Japan, China, South Korea, and the United Arab Emirates.
Currently, Airlangga said that 56 million people use QRIS. He also claimed that the use of QRIS has surpassed credit card usage. "That's why various operators are starting to become concerned about how we can move quickly," he said.
Last August, Bank Indonesia launched the Indonesia-Japan cross-border QRIS. According to the Governor of Bank Indonesia, Perry Warjiyo, as many as 500,000 tourists from both Indonesia and Japan no longer need to use yen or rupiah for transactions. "Wherever they go, to Okachimachi, Donki, Shibuya, wherever, they only need a mobile phone to use QRIS," Perry said in his address in Jakarta, quoted from Bank Indonesia's YouTube live broadcast on Monday, August 25, 2025.
Currently, QRIS can be used in Thailand, Malaysia, and Singapore. As of June 2025, Bank Indonesia had recorded 994,890 cross-border QRIS transactions with Thailand, totaling Rp437.54 billion. Then, the volume of Indonesia-Malaysia QRIS transactions reached 4.31 million with a total value of Rp1.15 trillion. Meanwhile, the volume of Singapore-Indonesia QRIS transactions reached 238,216, with a total value of Rp77.06 billion.
Editor's Choice: Industry Ministry: Indonesia Has Not Yet Fully Optimized the ASEAN Market Potential
Click here to get the latest news updates from Tempo on Google News
Today's Top 3 News: PSSI Extends Gratitude to Patrick Kluivert and His Coaching Staff After Tenure Ends
1 jam lalu
Here is the list of the top 3 news on Tempo English today.
Government Suspects Irregularities in Indonesia's Rice Imports
3 jam lalu
Coordinating Minister for the Food Zulkifli Hasan asserts that the government will not import rice as production increases.
Parliament Says Indonesian National Team Has Shown No Progress Under Patrick Kluivert
3 jam lalu
Indonesian Football Association (PSSI) announced the dismissal of Patrick Kluivert on the federation's official account on Thursday, October 16, 2025.
PSSI Extends Gratitude to Patrick Kluivert and His Coaching Staff After Tenure Ends
7 jam lalu
The Indonesian Football Association (PSSI) expresses its appreciation to Patrick Kluivert and his staff for their dedication and contribution to Indonesian football.
Aceh Police Establish 94 Drug-Free Villages
12 jam lalu
Indonesia's Aceh Regional Police has established 94 drug-free villages (KBDN) across all regencies and cities.
Indonesian Minister Calls for Respect for Islamic Boarding School in Television Programs
13 jam lalu
The Xpose Uncensored program on Trans7 has sparked protests from the pesantren (Islamic Boarding School) community due to its satirical narrative.
Indonesian Government Proposes Instrument to Manage International Royalties
13 jam lalu
The Indonesian government has proposed an international royalty instrument through the World Intellectual Property Organization (WIPO).
Prabowo Orders Danantara to Cut State-Owned Enterprises from 1,000 to 200 Companies
14 jam lalu
Indonesian President Prabowo Subianto asks for state-owned enterprises (SOEs) to be run with international standards.
Indonesia Expected to Receive China's Chengdu J-10 Fighter Jets, Defense Minister Hints
23 jam lalu
The Defense Minister Sjafrie Sjamsoeddin disclosed the purchase of Chengdu J-10 fighter jets from China, which are set to arrive in the country soon.
Today's Top 3 News: 2025 Annual Japanese Film Festival to Be Held in Indonesia's Nine Major Cities
1 hari lalu
Here is the list of the top 3 news on Tempo English today.
