The Role of E-money on Business Growth in Indonesia

Harril Brimantyo, Agung Suwandaru, Anandhayu Mahatma Ratri, Ginanjar Indra Kusuma Nugraha, Muhammad Rizki Firdaus


The objective of this research are to analyze the differences in business growth in Indonesia before and after the e-money, era and to analyze the the role of e-money in business growth in Indonesia.The type of this research is quantitative with comparative and explanatory method. The data used in this research is e-money and Indonesia Composite Index (also known as IHSG). Data analysis technique used in this research are paired t-test and regression. The result shows that there is significant difference of business growth in Indonesia between before and after e-money era. Furthermore, based on regression analysis shows that e-money has significant effect on business growth in Indonesia.


Business Growth; E-Money; Indonesia Composite Index

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