Indonesia is undergoing a rapid transition from a predominantly cash-based society to one where cashless
transactions are becoming more common and more people are gaining access to banking and other financial
services.
Multiple stakeholders have an interest in making this transition happen: banks benefit from a growing customer
base. For the government, cashless transactions promise more transparency and ways to enforce tax collection and
fight corruption. For consumers, banking services and cashless transactions offer convenience, security, and new
ways to invest, or access credits and loans.