Understanding the Vital Role of BRI Open Banking for E-Commerce Payment Systems

BRIAPI is a payment system programming for e-commerce with API owned by Bank BRI. This system allows the integration process between the BRI bank system and various third party applications. Until 2022, BRIAPI has collaborated with more than 700 partners, both government agencies, educational institutions, to marketplaces and fintech companies. The presence of this technology will make it easier for you to use payment features with BRI services.

The Development of E-commerce in Indonesia: Definition, Types, and Benefits

E-commerce is the advanced technology we hear about today. The growth of e-commerce in Indonesia has increased sharply after the pandemic. At the beginning of 2020, online business transactions increased by around 33% and is projected to continue to increase every year. This happens because there are many benefits offered by e-commerce.

This Is How BRIAPI Helps FinTech Development in Indonesia

Lately, financial technology or FinTech is booming. The increasing need for funding is one of the reasons the FinTech industry is growing rapidly. In line with the vision of financial inclusion, BRI also supports FinTech development in Indonesia through BRIAPI. By integrating the open banking technology, FinTech companies can have access to BRI digital banking services.

Optimize Your Digital Business Opportunities with BI Standardized API from BRI

Today, e-commerce and all businesses have been increasingly going digital. Collaborative research shows in the next 5 years, more than 50 percent of digital business revenue will come from online sources. As matter of fact, digital business is not just 'selling online'. Beyond that, digital businesses focus on the use of technology. So, companies can offer competitive advantages over their competitors.

Trends in Online Payment System to e-Wallet for Business Development

The rise of the digital economy encourages people to be more active in online business, especially in the marketplace business. Bank Indonesia has even projected that online transactions through marketplaces will grow up to 33.2% in 2021. This is still coupled with Open API presence to support marketplace that makes it easier for businessmen to provide online payment systems Besides, the data from BI also highlights that Indonesia is one of several countries that will develop massively in the digital economy sector. According to a research by Google, Temasek, and Bain titled E-conomy SEA 2019, Indonesia’s digital economy GMV is predicted to reach US$130 Billion in 2025. In addition, according to Bank Indonesia, the value of digital transactions will have a double digit growth with e-commerce increasing by 33.2% and banking 19.1% year-on-year by this year.
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