TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
State banks' new switching firm obtains permit to manage debit card
PT Jalin Pembayaran Nusantara (JPN), a switching company founded by four state-owned banks and PT Telekomunikasi Indonesia, has obtained license to operate Electronic Data Capture (EDC) switching from Bank Indonesia (BI), allowing it to serve debit card transactions.
Change Size
Attending a press conference in Jakarta on June 20 are (from left): Bank Mandiri digital banking and technology director Rico Usthavia Frans, BNI finance director Rico Rizal Budidarmo, Bank Mandiri president director Kartika Wirjoatmodjo, State-Owned Enterprises Ministry's deputy for financial services Gatot Trihargo, Bank Indonesia payment system policy executive director Eni Panggabean, BTN president director Maryono, and BRI operations director Indra Utoyo. (JP/Anton Hermansyah)
P
T Jalin Pembayaran Nusantara (JPN), a switch operator company founded by four state-owned banks and PT Telekomunikasi Indonesia, has obtained its license from Bank Indonesia (BI) to operate Electronic Data Capture (EDC) machines, allowing it to serve debit card transactions.
"JPN has finally obtained complete licensure. Previously on Feb. 28, it had obtained the ATM [automatic teller machine] license. Now it has the license for the debit [card] system," State-Owned Enterprise (SOE) Ministry's deputy for financial services Gatot Trihargo said in Jakarta on Tuesday.
Bank Mandiri president director Kartika Wirjoatmodjo said that with the full license, JPN will take over ownership and management of 61,200 ATMs and 19,000 EDC machines of the four banks grouped under the Association of State-Owned Banks (Himbara): Bank Rakyat Indonesia (BRI), Bank Negara Indonesia (BNI), Bank Mandiri and Bank Tabungan Negara (BTN).
The Himbara banks are in the process of integrating their ATMs so that one integrated machine can serve customers of the four banks. Currently, 15,000 ATMs have been upgraded and 30,000 others will follow by the end of 2017.
"With the integration, we will be more efficient in capital expenditure and operational expenditure," Gatot said, adding that the process would be completed in about 3 years.
Each year, Bank Mandiri builds around 3,000 ATMs, each of which requires an initial investment of US$7,000 and carry a monthly operational cost of Rp 15 million (US$1,126.7). With the integration, the four banks will stop procuring ATMs and will instead relocate some units from overcrowded ATM galleries to more accessible spaces. (ags)
