Select a page

Banking News

Record credit card holders in Indonesia

Record credit card holders in Indonesia

(12 April 2012 – Indonesia) Credit cards issued in Indonesia increased to 14.58 million in February from 13.8 million over the corresponding period last year. According the Bank Indonesia, the country’s central bank, these came from 19 commercial banks and one Islamic bank.

Bank Indonesia’s payment system supervisory team chief, Puji Atmoko, said that credit-card transactions in Indonesia totalled Rp15.14 trillion (A$1.45 billion) in February with an average of 588 transactions worth Rp522.22 billion taking place each day, up from an average of 578 transactions amounting to Rp474.48 billion per day in February 2011.

One of the banks enjoying the rapid growth, Bank Negara Indonesia (BNI), issued 1.8 million credit cards by March of this year, an increase of 28 percent from March 2011.

Its credit card transactions reached Rp5.2 trillion by March, a rise of 41 percent compared to March last year.

BNI’s credit card general manager, Dodit Wiweko Probojakti, said the growth in the number of its credit-card holders had exceeded the growth rate of the credit-card industry in Indonesia, which stands at 9 percent.

"We are aiming to issue two million credit cards by the end of this year," Dodit said as quoted by on Monday, citing that the bank aimed to reach Rp18 trillion in credit-card transactions by the end of the year.
East & Partners's avatar

Comment on this article


Your comments will not be published. Required fields are marked *


Please enter the word you see in the image below:


Subscribe to our mailing list

Sign up now to keep up-to-date with the latest
market news and insights in B2B banking.

* indicates required

For more information please read our Terms and Conditions and Privacy Statements.