What's The Difference Between Visa And GPN? This Is Understanding, Difference, And Benefit

Illustration of Visa and GPN payment cards (Unsplash)

YOGYAKARTA Visa difference and GPN are not widely known by the general public because they do not directly synergize. The terms visa and GPN usually appear when someone makes payment transactions through banking. Then, what are Visa and GPN?

In general, Visa and GPN are two terms used in payment systems or business transactions.

Meanwhile, in particular, visas are a banking network that will help process and provide facilities to its users when making transactions from debit or credit cards with existing payment systems. The use of visas is usually done abroad or in places that provide a different payment system from the origin system of the visa holder.

Meanwhile, the GPN or the National Payment Gate is a payment system that will connect non-cash transactions with all banking instruments.

Although visas and GPN have similar functions, there are a number of differences between the two, namely as follows.

Visa was published by Visa.Inc, an American multinational financial services company based in Foster City, California, United States.

Meanwhile, the GPN was issued by Bank Indonesia (BI) based in DKI Jakarta on June 21, 2017.

The most striking difference between Visa and GPN is the logo. The Visa logo has the same shape and spelling as the name VISA.

Meanwhile, the GPN logo is an image of a Garuda bird flying with the words GPN.

Although both of them help users with transactions, the range they have is different. Visa can be used abroad without having to look for the same bank or payment service provider.

Meanwhile, GPN can currently only be used in Indonesia but can be used in all merchants who have provided EDC machines.

The administrative costs charged by users are also different. Quoted from CNN Indonesia, the administrative costs of the ATM/debbit card with the company's international principal logo such as Visa range from Rp. 2,500 to Rp. 8,500 per month. Meanwhile, the cost for cards with GPN logos is cheaper than Rp. 1,000 per month.

One of the differences between Visa and GPN is related to its use. Visa can be used at various merchants who provide Visa and Mastercard payment tools in various countries.

Meanwhile, the use of GPN is no less broad. Even though it is only in Indonesia, GPN can be used at any merchants as long as they provide any EDC machine.

If viewed from the user's point of view, both Visa and GPN have their respective disadvantages, namely as follows.

The card with the Visa logo does get more promos at various merchants, such as buying 1 free of 1 or other discounts.

Another advantage is that Visa cardholders can transact in both domestic and foreign marketplaces. Not only in the marketplace, several merchants such as hotels, malls, and so on also accept this payment.

Although it can be used in many countries, Visa provides security guarantees to customers and cardholders.

Visa is published by American financial institutions, but can be used at ATMs around the world as long as Visa logos.

One of the shortcomings of using a Visa card is that the costs charged to users are quite high.

If you have an ATM card with the GPN logo, transactions can be made at all ATMs and merchants without having to take into account the bank issuer of the card or bank ATM. That way you can more easily make transactions.

Like Visa, GPN also provides security guarantees for transactions because they are equipped with standardized chips.

An ATM card with the GPN logo will provide cheap fees when a customer makes a transfer or cash withdrawal. This also applies to the monthly costs charged by the Bank to customers.

GPN can only be used domestically so it cannot be used as a transaction tool when you are abroad.

Those are some of the differences between Visa and GPN. To get other interesting information, visit VOI.ID.