Analysis of the Impact of Cashless Payment Systems on Indonesia's Economic Growth from 2011 to 2024

Amrina Rosada, Rosita Mei Damayanti, Eka Dyah Pramusinta

Abstract


The advancement of payment systems serves as a crucial driver of economic growth and plays a fundamental role in supporting the stability of the financial system. This research adopts a quantitative approach utilizing time series data. The findings indicate that Gross Domestic Product (GDP) significantly influences variables such as ATM and debit card transaction values, credit card transaction values, digital money transaction values, and the money supply. Interestingly, the study reveals a negative relationship between GDP and the value of ATM and debit card transactions in Indonesia from 2011 to 2024. Conversely, credit card transactions, digital money usage, and money supply do not exhibit a significant effect on GDP during the same period.


Keywords


Cashless Payment Systems; GDP; ATM Cards; Credit Cards; E-Money; Money in Circulation; Digital Currency

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DOI: https://doi.org/10.20961/bfde.v4i2.107355

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