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Jakarta Post

E-cash fuels booming Makassar economy

  • Norman Harsono and Andi Hajramurni

    The Jakarta Post

Jakarta/Makassar   /   Fri, October 18 2019   /  12:28 am

From street shops to malls, toll roads to taxis, electronic payments in Makassar are gaining momentum, making it the city with the fastest growth this year in electronic money transaction volume, according to Bank Indonesia (BI) data obtained by The Jakarta Post.The transaction volume for e-money, which ranges from debit cards and credit cards to other forms of e-money, such as BCA Flazz and e-wallets GoPay and OVO, skyrocketed 204 percent from January to date, higher than 89 percent in Yogyakarta and 75 percent in Jakarta, which rank second and third respectively in transaction volume.At 81-year-old local grocery store Baji Pamai, three electronic data capture (EDC) machines that handle debit and credit card transactions sit by every cashier stand to serve customers as they check out.“Alhamdulillah [thanks be to God], this shop that my grandfather inherited can compete with minimarket...