Non-cash Transactions Rise 400% since e-Toll Mandate: BI
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Kamis, 1 Januari 1970 07:00 WIB
TEMPO.CO, Jakarta - Bank Indonesia [BI] has recorded a significant increase in non-cash transactions value since December 2017. The hike occurred soon after the government mandates the use of electronic money for toll road payments.
"After we force the non-cash, it increased significantly—our latest records showed a 400-percent jump," BI's head of Payment System Policy Department Onny Wijanarko said here on Monday, April 23.
Read: BI Agrees on Limiting Cash Transaction
Onny said that since December last year the value of non-cash transactions rose from Rp63.1bn per day to Rp112.6bn per day.
Other contributing factors to the increase, he added, included the people's lifedata-style and behavior that were shifting more towards digitalization, and the growth of ATM cards.
Read: BI Develops Smartphone Application to Detect Counterfeit Money
He said that delivery channel transactions via mobile phones or online gadgets grew from 16.5% in January 2017 to 26.5%.
"Phone banking rose 80% despite a market share of just 0.3%. Internet banking grew 25.3% with a market share of 90%, while SMS banking increased 38.5%," Onny said.
ZARA AMELIA
