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View all search resultsConsumer groups urge BI not to invade privacy with Payment ID
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A man walks past the Bank Indonesia (BI) headquarters in Jakarta on Sept. 2, 2024. (Reuters/Ajeng Dinar Ulfiana)
M
ultiple consumer protection organizations warn that Bank Indonesia’s (BI) planned Payment ID infringes on personal privacy, while the central bank defends the platform, arguing that a user’s digital identity will only be used on the basis of consent.
The unique transaction identification for each individual “crosses the line”, Indonesian Consumers Foundation (YLKI) executive secretary Rio Priambodo told The Jakarta Post on Thursday.
“The YLKI is asking the government not to invade consumers’ private domains, especially when there is no indication of criminal activity; this would make consumers uneasy. Therefore, the YLKI requests that the policy be canceled because it penetrates consumers’ privacy far too deeply,” said Rio.
Rio also pushed the government to explain the need for the Payment ID initiative at this time to clear the air and alleviate public unease.
Payment ID is part of the central bank’s wider payment system blueprint for 2030 that connects every individual’s identification number with transactions conducted under BI-supervised payment service providers, which include most banks and digital wallets.
The original plan was to start developing the system on Aug. 17 and to achieve full implementation in 2029.
The original holders of the data would be the service providers, from whom BI would collect the granular data through what it calls a push and pull mechanism, where the push refers to data periodically submitted by data holders to BI and the pull is to be conducted on demand by the central bank.
