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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Lower merchant discount rate to benefit customers

  • Winny Tang

    The Jakarta Post

Jakarta | Fri, December 8 2017 | 12:34 am

PREMIUM Bank Indonesia (BI) is determined to speed up the implementation of a newly introduced interconnected payment network as a way to reduce costs incurred in electronic payments and promote non-cash transactions, which are seen as more efficient than cash-based ones.Through the new network, dubbed the National Payment Gateway (NPG), BI has set a lower merchant discount rate (MDR), the rate charged by...