Imposing E-Money Content Fee Can Be Counterproductive

By : Herry Barus And Aldo Bella Putra | Thursday, September 21 2017 - 22:00 IWST

Bank BRI Bidik Peningkatan Penggunaan E-money Brizzi Sekitar 30%
Bank BRI Bidik Peningkatan Penggunaan E-money Brizzi Sekitar 30%

INDUSTRY.co.id - Jakarta - Bhima Yudhistira, an economist at the Institute for Development of Economics & Finance (INDEF), said that the decision by Bank Indonesia to allow banks to charge electronic e-money could contradict efforts to encourage people to intensify non-cash transactions.

"Initially had asked the community more actively use electronic money and encourage non-cash movement, but now it is charged," said Bhima asked his comments on the BI Board of Governors Regulation related to the cost of electronic money balance, in Jakarta, Thursday (21/09/2017)

Bhima said that the imposition of the cost could be a disincentive, especially ahead of the implementation of electronification of 100 percent payments of toll services on October 31, 2017. The charge of the content balance is feared to make people reluctant to use electronic money and return to cash transactions.

Supposedly, he said, BI and the banking industry provide incentives for the community because, so far, banks have benefited from the sale of electronic currency card prime.

"Should the profit from the sale of e-money 'starter' card no longer need to charge the cost of the balance although only Rp1.000 once transaction," he said.

Better, he said, BI and banking electronic money publishers and transport service operators or operators in other real sectors put forward the scheme of sharing the burden of investment cost of electronic money infrastructure. It's like what happened in Hongkong. That way, the burden of the cost borne by banks can be reduced so it can actually give a discount to the community.

The scheme of "sharing cost" with the transport operator actually reduces the burden of the card issuing bank costs, so the bank can provide discounted prices to consumers," he said.

News Comment

Today's Industry

President Jokowi on Monday (14/06/2021) inspects mass COVID-19 vaccination at the Patriot Candrabhaga Stadium, Bekasi, West Java. Photo by: BPMI of Presidential Secretariat

Selasa, 15 Juni 2021 - 22:15 WIB

President Jokowi Inspects Mass COVID-19 Vaccination in Bekasi

President Joko “Jokowi” Widodo on Monday (14/06/2021) inspected mass COVID-19 vaccination at the Patriot Candrabhaga Stadium, Bekasi, West Java.

President Jokowi inspects mass COVID-19 vaccination at Pluit Dam, Jakarta. (14/06/2021). (Photo by: Press Media and Communication Bureau of Presidential Secretariat/Laily)

Selasa, 15 Juni 2021 - 20:31 WIB

President Jokowi Says Jakarta Must Provide 100,000 Doses of Vaccine Per Day

President Joko “Jokowi” Widodo Monday (14/06) inspected mass COVID-19 vaccination at Pluit dam in North Jakarta.

Minister of Cooperatives and SMEs Teten Masduki with Bandung Culinary Community at Orbital Dago, Bandung city, West Java province. (11/06/2021). (Photo by: PR of Ministry of Cooperatives and SMEs)

Selasa, 15 Juni 2021 - 19:00 WIB

Minister Urges SME Players to Build Joint Brand to Boost Competitiveness

It is important for businesses to achieve economies of scale to boost competitiveness, according to Minister of Cooperatives and Small and Medium Enterprises (SMEs) Teten Masduki. The Minister…

Minister of Manpower Ida Fauziyah delivered a statement in the Presidential Office, Monday, (10/8). Photo by: BPMI

Selasa, 15 Juni 2021 - 17:50 WIB

Gov’t Committed to Eliminating Child Labor: Minister

Minister of Manpower Ida Fauziyah has reaffirmed the Government’s commitment to eliminatie child labor. The Minister delivered the statement in her keynote speech at “End Child Labor: Virtual…

Minister of Religious Affairs Yaqut Cholil Qoumas (Photo: PR of Cabinet Secretariat)

Selasa, 15 Juni 2021 - 16:30 WIB

Gov’t to Focus on 2022 Hajj Following This Year’s Cancellation

The Government has announced it will focus on the preparation of the 2022 hajj pilgrimage (annual Muslim pilgrimage to Mecca) following the decision to cancel this year’s hajj pilgrimage due…