BI Boss Says BI-Fast Service Is The Cheapest And Fastest Transaction In The World

BI Governor Perry Warjiyo (Photo: Antara)

JAKARTA - Bank Indonesia (BI) Governor Perry Warjiyo assesses BI Fast as one of the cheapest and fastest transaction services in the world. This is because the cost of each transaction is only IDR 2,500, making it one of the most efficient payment services globally.

"IDR 2,500 is if we are in the form of dollars, one of the cheapest transactions in the world. Because if we think about it, almost 25 cents or 30 cents per transaction. One of the most efficient transactions in the world," he said at the Indonesian Digital Economy Festival (FEKDI) and Indonesia Fintech Summit & Expo (IFSE) 2025 on Thursday, October 30, 2025.

He added that merchants with transactions of up to IDR 500 thousand were not charged at all, aka free, thus supporting cost efficiency for business actors. In addition, BI Fast services also operate 24 hours a day, making it fast and practical.

"BI Fast is Rp. 2,500 per transaction. Even that is the transaction up to Rp. 500 thousand, we free our merchants, said the MDR (merchant discount rate) is 0 percent," he explained.

In terms of transactions, the volume of retail transactions processed through BI Fast was recorded at 1,223.82 million transactions, or an increase of 32.34 percent (yoy), with a transaction value of IDR 3,024.08 trillion in the third quarter of 2025.

Meanwhile, the volume of large transactions through the BI-RTGS system reached 2.76 million transactions, with a value of Rp56,422.87 trillion in the same period.

Perry emphasized that BI Fast is a key component in Indonesia's 2030 digital economy vision.

According to him, with strong and efficient infrastructure, Indonesia is projected to be able to become the country with the fastest digital economy growth in the world.

He explained that the development of payment systems in Indonesia is focused on the connectivity of infrastructure, where BI Fast handles retail transactions, BI-RTGS systems for large transactions, and Evo Digital as payment system integration platforms.

According to him, financial infrastructure can consolidate the entire payment industry, connect various elements, both strong and need to be strengthened, thus creating an efficient and integrated ecosystem.