BCA Owned by Hartono Brothers Conglomerate Outspoken, Wants to Rush to Market Digital Rupiah Created by Bank Indonesia

BCA President Director Jahja Setiaatmadja (Photo: Doc. BCA)

JAKARTA PT Bank Central Asia Tbk. (BCA) gave the latest statement regarding the discourse on implementing digital rupiah in the payment system which is currently under the maturation of concepts and schemes by Bank Indonesia (BI). The statement was conveyed by the President Director of BCA, Jahja Setiaatmadja.

According to him, the company is ready to be an important part of national financial history by taking part in the first launch. This was revealed as well as BCA's contribution to the country's economic development.

"Hopefully we can enter to become wholesalers of digital rupiah from Bank Indonesia", he said when answering VOI questions last weekend.

Jahja added that currently, BCA is still following the process being carried out by the central bank, especially on the ability of virtual transaction services.

"Of course, we will try to meet the criteria and which may be announced soon", he said.

Jahja also ensured that the company would optimize all channels owned to ensure the success of the strategic agenda of Bank Indonesia and the government.

"In the future, we will definitely encourage socialization and help with further development", explained the bank official.

Previously, Bank Indonesia Governor, Perry Warjiyo, said that the issuance of digital rupiah in the Central Bank Digital Currency (CBDC) scheme had entered the electoral stage for large banks to be given the mandate to become a wholesaler in distribution to the community.

"This is what we are doing, forming digital rupiah as a legal medium of exchange while maintaining sovereignty, selecting large banks, and building the system itself", said Perry.

Meanwhile, BCA itself is a fairly strong financial service entity in terms of transaction banking (transaction banking). It was noted that as of the first semester of 2022, the total volume of transactions rose 40 percent year on year (YoY) to reach 10 billion transactions, the majority of which came from mobile banking.

It is stated that the development of digital solutions has consistently become the main capital of this BBCA stock-coded bank to maintain strength in the transaction banking segment. Until the end of June 2022, BCA served around 31 million customer accounts and processed about 62 million transactions per day with the support of 1,242 branch offices and 18,065 ATMs.