Bank Indonesia Opens Fast BI Transfer Options Can Be Cheaper Than Rp. 2,500

JAKARTA The decrease in interbank transfer fees from the previous Rp6,500 to Rp2,500 through BI Fast is likely to be even lower. This was stated by the Director of Payment System Policy for Bank Indonesia (BI) Fitria Irmi Triswati.

According to him, this option is still open to be implemented in the future as long as the strategic points of this policy can support it.

"It can be lowered gradually, of course we have to evaluate it periodically first," he said through an online channel on Tuesday, August 30.

According to Fitria, the BI Fast policy initiated by the central bank still refers to orderly financial transaction traffic.

"There will be an increase in transactions from the expansion of BI Fast participants who join," he said.

In the previous VOI report, earlier this week, 25 new banks officially joined the BI Fast scheme, bringing the total to 77 financial entities. Of that number, the monetary authority believes that around 85 percent of domestic financial transactions have been facilitated by BI Fast.

"We will continue to see how ready and technology is in supporting the BI Fast program scheme," concluded Fitria.