Executive Summary

Key insights and market outlook

Major Indonesian banks, including BNI and BCA, have seen significant growth in electronic money transactions during the 2025/2026 year-end holiday period. BNI's TapCash transactions are projected to rise by 18% during this period ¹

, while BCA's Flazz transactions reached 964 million in November 2025, representing an 11% year-on-year growth ³. The increase is attributed to higher mobility during the holiday season.

Full Analysis

02

Deep Dive Analysis

Indonesian Banks Experience Surge in Electronic Transactions During Year-End Holiday

Rising Demand for Digital Payments

The year-end holiday period of 2025/2026 has seen a significant increase in electronic money transactions among major Indonesian banks. PT Bank Negara Indonesia Tbk (BNI) reported that its TapCash transactions have grown 38% year-on-year as of the latest update ¹

. For the holiday period specifically, BNI projects an 18% increase in TapCash transactions compared to normal periods ¹.

BCA's Flazz Transactions Show Strong Growth

PT Bank Central Asia (BCA) has also experienced substantial growth in its Flazz electronic money transactions. By November 2025, Flazz transactions had reached 964 million, representing an 11% year-on-year increase ³

. The total value of these transactions also rose by 12% year-on-year ³. As of now, BCA has issued over 29 million Flazz cards ³.

Increased Mobility Drives Transaction Growth

The surge in electronic money transactions is primarily driven by increased mobility during the holiday season. People are using digital payment methods for various needs such as toll payments, public transportation tickets, and retail purchases ³

. According to Mesah Roni Ginting, Head of Division Retail Digital Product and Partnership at BNI, "the year-end holiday period is one of the peak seasons for card-based electronic money businesses" ¹.

Positive Outlook for Digital Banking

The strong performance of electronic money transactions during the holiday period indicates a positive trend for digital banking in Indonesia. As more people embrace cashless transactions, banks are likely to continue investing in their digital payment infrastructure. EVP Corporate Communication & Social Responsibility at BCA, Hera F. Haryn, noted that the Nataru period historically contributes significantly to the increase in Flazz transactions, aligning with higher societal mobility ³

.

References