TEMPO.CO, Yogyakarta - Bank Indonesia's campaign on the use of electronic money (e-money) to acommodate easier, safer, and more efficient transaction, was held at the Gadjah Mada University (UGM) in Yogyakarta.
In general, electronic money resembles an Automatic Teller Machine (ATM) card. However, e-money is not equipped with a personal identification number (PIN).
The maximum amount of money that can be stored in an e-money card is limited to Rp 1 million and can be used to make a transaction in particular merchants.
Arief Budi Santoso, Head of Bank Indonesia's Representative for Yogyakarta, said that non-cash financial transaction in Indonesia had only reached 40 percent out of the total financial transaction.
OJK to Issue New Policy in Response to Fintech Growth
23 Januari 2019
OJK to Issue New Policy in Response to Fintech Growth
Financial Service Authority (OJK) official Wimboh Santoso said that technology development must be controlled due to the growth of financial technology (fintech).