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Jakarta Post

Bank Indonesia launches national payment gateway

Bank Indonesia launches national payment gateway Economic Coordinating Minister Darmin Nasution (left), BI Governor Agus Martowardojo (center) and Communications and Information Minister Rudiantara speak to journalists during the launch of the national payment gateway at the BI office in Jakarta on Dec. 4 (JP/Anton Hermansyah)
Anton Hermansyah (The Jakarta Post)
Jakarta   ●   Mon, December 4, 2017 2017-12-04 15:45 1260 1f87594453bb792833e1ece3a2c01c6a 1 Business national-payment-gateway,launching,BI,agus-martowardoyo Free

Bank Indonesia (BI) on Monday launched the long-awaited national payment gateway, locally known as "Gerbang Pembayaran Nasional" (GPN).

Infrastructure sharing would cut the cost of interbank transactions, said BI Governor Agus Martowardojo during the launch ceremony in Jakarta.

"Usually banks charge a 2 to 3 percent merchant discount rate if a customer uses another bank's card, but now the rate is only 1 percent with the infrastructure sharing," he said during the launch event at the BI office in Jakarta.

He said four local interbank switching companies -- PT Artajasa Pembayaran Elektronis, PT Rintis Sejahtera, PT Alto Network and PT Jalin Pembayaran Nusantara -- would establish a consortium called PT Penyelengara Transaksi Elektronis Nasional to manage the infrastructure sharing.

Meanwhile, four main e-money issuers -- PT Bank Mandiri, PT Bank Central Asia (BCA), PT Bank Rakyat Indonesia (BRI), and PT Bank Negara Indonesia (BNI) -- had signed an agreement for their e-money interoperability.

"You can see many automated teller machines (ATM) and electronic data capture (EDC) machines in certain shops or malls. With the sharing, one machine can serve many kinds of cards with a cheaper transaction cost," Agus said. He added that fewer ATM and EDC machines were needed with the interoperability, and unused machines could be used in other locations. (bbn)