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.
Economy in brief: BCA, MasterCard team up on debit card
Indonesia’s largest private bank, Bank Central Asia (BCA), launched a new debit card in collaboration with MasterCard on Tuesday that aims to give customers better services in terms of security and overseas usage
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
I
ndonesia’s largest private bank, Bank Central Asia (BCA), launched a new debit card in collaboration with MasterCard on Tuesday that aims to give customers better services in terms of security and overseas usage.
The debit card, called Paspor BCA Mastercard, will enable customers to be connected to 40 million merchants collaborating with Mastercard in 210 countries around the world. The debit card, which uses chip technology, comes in many variants: blue, gold, platinum, priority and solitaire.
“We launched this debit card to allow customers to conduct more secure transactions by encouraging them to use cards with chip technology,” BCA director Santoso Liem said on Tuesday.
BCA has received complaints from customers with regard to its debit card that uses the old magnetic technology, as it could not be used for transactions in some countries, such as those in Europe.
The lender hopes its collaboration with Mastercard will facilitate customers’ overseas transactions. It is also in line with a Bank Indonesia (BI) regulation to implement the National Standard Indonesian Chip Card Specification (NSICCS) for debit cards and ATMs of all providers by 2021.
BCA now has 15.5 million debit cards in circulation, only some 3 million of which use chip technology.
