BI-FAST Transactions Reach 3.41 Billion as Stage 2 Services Gain Popularity

Rapid Growth in Digital Payment Systems

Bank Indonesia's BI-FAST service has achieved remarkable growth, reaching 3.41 billion transactions by September 2025. This figure surpasses the total of 3.40 billion transactions recorded for the entire year of 2024, demonstrating the increasing reliance on digital payment systems in Indonesia.

Stage 2 Services Drive Adoption

The significant growth is largely attributed to the successful implementation of Stage 2 services, which were officially launched in late 2024. These services include bulk credit transfers (BCT), request for payment (RFP), and direct debit transfers (DDT). The introduction of these features has expanded the utility of the BI-FAST platform, making it more attractive to both consumers and corporations.

Implications for Indonesia's Financial Sector

The rapid adoption of BI-FAST services underscores the growing demand for efficient and reliable payment systems in Indonesia. As the volume of transactions continues to grow, it is likely that more businesses will adopt digital payment solutions, potentially transforming the financial landscape in Indonesia.