The RMB as an invoicing currency for international trade has also been growing sharply: nowadays, about 25% of Chinese trade is invoiced in RMB, up from less than 2% in 2011.
However, we observe there are at least 3 (three) domestic challenges ahead. First, compared to countries in ASEAN, electronic payment transactions in Indonesia are relatively low. With the high number of population in Indonesia, there is a huge potential to expand payment system service access in Indonesia. 14.