Analysis of the Impact of APMK & UE as a Non-Cash Payment Instrument on Indonesia’s Economic Growth

Abstract

Rapid technological developments encourage payment systems to be more effective and efficient for the community. At this time the payment system has developed into a non-cash basis. The non-cash Payment System consists of Card-Based Payment Instruments, namely ATM/Debit Cards and Credit Cards, as well as Electronic Money (E-money). The purpose of this research is to find out whether the non-cash payment system affects economic growth in Indonesia. This research uses quantitative methods and secondary data obtained from Bank Indonesia and the Central Statistics Agency (BPS) for the 2009-2021 period. The analytical method used is multiple linear regression analysis using SPSS version 27. The results show that simultaneously transaction values for Debit Cards, Credit Cards and Electronic Money affect economic growth in Indonesia. Meanwhile, partially, the transaction value of Debit Cards and Credit Cards has a significant influence on economic growth. However, the value of Electronic Money transactions does not affect economic growth.