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Business 5 years ago
PREMIUM
Banks to phase out magnetic strip cards by 2022
Indonesia’s big four banks are increasing their efforts to phase out magnetic strip debit cards and replace them with chip-based cards to comply with Bank Indonesia’s (BI) directive to improve the nation’s digital security.
World 5 years ago
US imposes new Iran sanctions that may spook European banks
The move freezes any US assets of those blacklisted and generally bars Americans from dealing with them, while extending secondary sanctions to those who do business with them. This means foreign banks risk losing access to the US market and financial system
City 6 years ago
PREMIUM
Spared change: Jakarta ATMs will still dispense Rp 20,000 bills despite declining cash transactions
Bank DKI, which operates 1,085 ATMs of various bill denominations across Greater Jakarta, is maintaining cash machines that dispense Rp 20,000 bills to cater to customers who have a particular need for smaller banknotes, such as students.
City 6 years ago
PREMIUM
ATM-like machines for civil documents introduced to streamline complicated procedures
The ATM-like machines will initially target residents in the capital city Jakarta next year, with a main priority for the islanders in the Thousand Islands regency, which lacks access to population and civil registry offices.
