Analysis of the Impact of Digital Money Transaction Optimization and E-commerce Trade Transaction Value on Indonesia's Economic Growth in 2019-2023

Authors

  • Nur Annisa Bhinnian Beauty Corp.
  • Atika Zahra Maulida UIN Antasari Banjarmasin
  • Novita Alfinuri UIN Antasari Banjarmasin

Keywords:

Digital Economy, Electronic Money Transactions, E-commerce, Economic Growth, Islamic Economics

Abstract

Along with the rapid digital transformation, the digital economy is increasingly contributing to driving economic growth in Indonesia. This study aims to analyze the influence of the use of electronic money and e-commerce transactions on Indonesia's economic growth in the 2019–2023 period. The research approach used is a quantitative method with the use of secondary data sourced from the Central Statistics Agency (BPS) and Bank Indonesia (BI). Data analysis was carried out using multiple linear regression to measure the relationship between the variables studied. All data processing is carried out with EViews 12 software to ensure the validity and reliability of statistical analysis results. The results of this study indicate that electronic money transactions have a significant influence on economic growth through increasing transaction efficiency and expanding more inclusive financial access. However, partially, the value of e-commerce transactions does not show a significant impact on economic growth. This is allegedly due to the disparity in digital infrastructure, low digital literacy, and the high proportion of imported products in e-commerce transactions which are more likely to increase consumption than investment. Simultaneously, these two variables have proven to make a significant contribution to economic growth in Indonesia. The implications of this study emphasize the urgency of strengthening digital infrastructure, increasing digital literacy capacity, and formulating policies that favor the development of local businesses to be more competitive in the digital economy ecosystem. Thus, the optimization of digital transactions is expected to be able to have a more substantial impact in supporting sustainable national economic growth.

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Published

2026-07-19

How to Cite

Annisa, N., Atika Zahra Maulida, & Novita Alfinuri. (2026). Analysis of the Impact of Digital Money Transaction Optimization and E-commerce Trade Transaction Value on Indonesia’s Economic Growth in 2019-2023. Asian Journal of Islamic Economics and Business, 4(1). Retrieved from http://jurnal.uin-antasari.ac.id/index.php/ajieb/article/view/18311

Issue

Vol. 4 No. 1 (2026)

Section

Articles

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Copyright (c) 2026 Nur Annisa, Atika Zahra Maulida, Novita Alfinuri

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