Powering Indonesia’s Digital Economy

Date: Sep 8, 2015
Location: Jakarta, Indonesia

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Background

Around the globe and across sectors, more and more countries are transitioning towards a Digital Economy, where they are increasingly relying upon the Internet as an embedded part of their economies. Indonesia, with its growing middle class and huge population of digital natives, is in an advantageous position to capitalize on this momentum, and drive their transition through the growth of e-commerce. In 2014, e-commerce accounted for some US$2.6 billion of Indonesia’s US$411.29 billion in retail spending. While less than 5% percent of Indonesia’s population own credit cards, an increasing number of payments players are initiating measures to facilitate and enable digital transactions. This trajectory is expected to accelerate rapidly within the next few years.

The Indonesian Government is currently formulating a comprehensive e-commerce roadmap. It is therefore timely to hold a multi-stakeholder discussion on the potential opportunities and challenges involved in accelerating the transition toward a digital economy. What lessons can be learned from successful entrepreneurs who have built the nascent digital ecosystem? What market and regulatory constructs may inadvertently impede progress? What do various industries need to see in the way of digital enablement? What levels of investment can the market expect to see in in e-commerce and beyond in the next few years? These are some of the questions this forum on ‘Powering Indonesia’s Digital Economy’ on 8^th September 2015 at The Pullman Thamrin Hotel in Jakarta will seek to explore.