Payment System Business Actors Expected To Be More Explosive, BI Promises Ease Of Licensing

Head of the BI Payment System Policy Department Retno Ponco Windarti (Photo: Screenshot of Bank Indonesia's Youtube)

JAKARTA - Bank Indonesia (BI) is said to be opening up space for business actors to participate in the payment system industry in the country. This was revealed by the Head of the BI Payment System Policy Department Retno Ponco Windarti in a virtual discussion today.

According to Retno, this effort is one of the four policy directions of Bank Indonesia in developing the payment system for 2022.

"Bank Indonesia will continue to encourage the consolidation of a healthy, competitive and innovative industry through the ease of licensing which will continue," he said, Friday, December 3.

As for three other things, Retno said she believes that the development of digitalization of the payment system is in accordance with the blue print of the Indonesian payment system, which will continue to be expanded to accelerate the national digital financial economy.

Then the development of payment infrastructure that integrates interconnection and interoperability.

"Bank Indonesia has set a target for QRIS expansion for 2022 with 15 million users from the previous 12 million in 2021. In addition, the implementation of SNAP, which is for one payment system transaction connection, is believed to be able to increase financial transactions in the community, especially when transaction costs are lower," he said. .

And finally, the central bank seeks to realize efficient and fair market practices so that the payment system continues to be a strategic sector in the national economy.

"Bank Indonesia will continue to develop a payment system that is fast, easy, cheap, safe, and reliable in 2022 through this policy direction," concluded Retno.