How Long Can You Live Without Cash? This Study Reveals the Answer

How Long Can You Live Without Cash? This Study Reveals the Answer

Indonesians are more confident living without cash for 24 hours than Singaporeans, according to the Consumer Payment Attitudes Study by Visa, 

The study involved 4,000 respondents from Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam aged 18 and over with an income above US$ 215.

Conducted in July 2017, it found that 76 percent of Indonesians stated they were able to live without cash for 24 hours.

The number is higher than any Southeast Asian country in the study, with Singapore at 68 % and Myanmar at 45 %, the smallest number.

Riko Abdurrahman, director of PT Visa Worldwide Indonesia, on Wednesday said to Antara that the study showed that Indonesia is prepared to become a digital society. He added that the use of electronic payments in the daily lives of Indonesians has been increasing.

Eight out of 10 Indonesian respondents stated that they shopped online at least once a month.

Shopping online is preferred as buyers can do it at home, while payment systems are becoming safer and discounts are abundant.

The study showed that most digital payments were conducted through smartphones at 85 percent.

It also found that Indonesians spend an average of 6.4 hours a day on their smartphones, with three hours spent on social media. 

Source: The Jakarta Post | Antara

Akhyari Hananto

I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to More understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia. I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine. I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan" I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy Less
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