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View all search resultsBanks to charge fees for cashless toll road system
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Toll Road Regulatory Agency (BPJT) head Herry Trisaputra Zuna (from left to right), Bank Indonesia director for electronics and financial inclusion Pungky Purnomo Wibowo, Bank Mandiri senior vice president for transaction banking retail sales Thomas Wahyudi and Indonesia Payment System Association (ASPI) chairman Anggoro Eko Cahyo discuss the development of cashless toll roads in Jakarta on Tuesday. (JP/Rachmadea Aisyah)
F
ollowing the government’s plan to implement a fully cashless system on Indonesia’s toll roads by October this year, Bank Indonesia (BI) officials have said they are discussing a mechanism to charge citizens e-money to travel down the highways.
According to Pungky Purnomo Wibowo, BI director for electronics and financial inclusion, two options are being prepared for the mechanism to collect the fees.
The first mechanism will implement a fixed fee amount during the top-up process and the second one will cut a certain percent of money from the balance inserted in each top-up.
“We target to reach a decision by July. We have to keep up with the schedule of cashless toll roads in October,” he said.
“We are aware that some people are complaining about the plan, but it [the fee] is necessary because this new system will require more manpower, locations and funds,” he said.
According to Indonesia Payment System Association (ASPI) chairman Anggoro Eko Cahyo, it would be better to implement a fixed fee mechanism during the early phase of the implementation of cashless toll roads.
“But banks would have fewer incentives with higher top-up amounts if they use the fixed fee system,” said Anggoro. (dea/ags)
