Thursday, 17 October 2019

LPS Reviews Guarantee e-Money, e-Wallet

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Laila Afifa

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  • TEMPO.CO, Jakarta - The Deposit Insurance Corporation (LPS) is reviewing the guarantee insurance for customers' e-money and e-wallet. LPS Corporate Secretary, Samsu Adi Nugroho said the policy is part of their way of supporting the non-cash movement.

    "Until now [those products] have not been included in our guarantee. We need to adjust the regulations first," he said.

    Other products belonging to non-bank operators, such as financial technology companies (fintech), were included in the study.

    LPS commissioner Destry Damayanti previously said that they had formed a small team with the Financial Services Authority (OJK) to discuss e-money and e-wallet guarantee initiatives.

    Banks welcome the plan. Bank Negara Indonesia (BNI) general manager for e-Banking Anang Fauzie supports the study and mentioned several suggestions. "They should only guarantee e-money provided by platforms with a license from Bank Indonesia," he told Tempo," he said.

    Non-bank financial service institutions that provide e-money and e-wallet also responded well to the plan. OVO Director, Harianto Gunawan, said the company will "always follows the guidelines of Bank Indonesia to maintain public trust from the financial aspects and carry out good corporate governance," he said.

    KORAN TEMPO