Tassia Sipahutar, The Jakarta Post, Jakarta | Headlines | Mon, May 06 2013, 8:37 AM
Paper Edition | Page: 3
Banking customers will be able to enjoy full interbank
transfer services at any automated teller machine (ATM) starting from
July with the signing of a memorandum of understanding (MoU) between
three local interbank network providers, according to a Bank Indonesia
(BI) executive.
The three companies — PT Artajasa Pembayaran
Elektronis (provider of ATM Bersama network), PT Rintis Sejahtera
(Prima) and PT Daya Network Lestari (ALTO) — are scheduled to sign the
MoU in Jakarta on May 6.
Under the MoU, Artajasa, Rintis and
Daya agree to integrate their networks, so ATM cardholders can transfer
money to different banks.
According to BI executive director of
accounting and payment systems Boedi Armanto, the MoU is the first of
several phases of partnership between the local interbank networks.
“The
central bank encourages the companies to prioritize the interbank
transfer service because apparently it is the most preferred service by
customers when they use ATMs. We can proceed with other services after
that,” he said recently.
BI data on debit card usage shows that,
since 2007, the transfer service transaction value has consistently been
higher than those for other uses. In February 2013, transfer service
grew 28.8 percent to Rp 142.37 trillion (US$14.62 billion) from a year
before.
It made up for 52.7 percent of the total debit card
transaction value in February, followed by cash withdrawal with 43.9
percent and shopping with 3.4 percent.
As of February 2013, there were 74.37 million ATM and debit cards in Indonesia, according to BI.
The
February data from Artajasa, Rintis and Daya shows similar results in
terms of transfer and cash withdrawal services. Artajasa recorded that
transfer and cash withdrawal accounted for 71 percent and 29 percent,
respectively.
Rintis reported that transfer accounted for 87
percent and cash withdrawal stood at 13 percent. Meanwhile, according to
Daya, the transfer service made up for 75 percent and cash withdrawal
contributed to 25 percent.
Boedi said that the integration of
services in July was expected to assist customers with money transfers
because the traffic of money transfers was generally high entering the
fasting month of Ramadan, which this year falls in July.
Currently,
Artajasa’s ATM Bersama is adopted by 81 banks, ranging from state-owned
banks (Bank Mandiri, BNI, BRI) to foreign banks (HSBC, Citibank,
Rabobank). Rintis’s Prima is popularly associated with BCA even though
it also partners with other banks, such as Bukopin and Permata Bank.
Meanwhile, Daya’s membership comprises several banks, such as Panin
Bank.
The bank’s adoption of a certain interbank network is not
exclusive as banks can also use some other systems. Permata and Mandiri
are two examples of banks that adopt more than one system. Permata uses
ATM Bersama, Prima and ALTO while Mandiri uses ATM Bersama and Prima.
Besides
the aforementioned companies, there are three other interbank network
providers in Indonesia: PT Mastercard Indonesia with its Cirrus network,
PT Union Pay Indonesia with CUP and PT Visa Worldwide Indonesia with
Plus.
Mandiri senior vice president for electronic banking Rico
Usthavia Frans said that the bank welcomed the network integration as it
would provide Mandiri with wider business coverage. However, it has not
decided whether or not it will keep both interbank services.
Mandiri
currently has 10,985 ATMs, and between 10 million and 11 million ATM
and debit cards. In the first quarter of 2013, its average ATM
transaction volume stood at 218.1 million, while the transaction value
amounted to Rp 179.3 trillion.
The bank gained Rp 286 billion in income from transfer and retail transactions, up 17.2 percent from the first quarter of 2012.
Similar
to Rico, Permata executive vice president for transaction banking Rudy
Tandjung said that Permata had not taken any decision regarding its
membership within the three local switching companies. “There will be a
separate business calculation for that,” he said in a telephone
interview.
0 comments:
Post a Comment
Note: Only a member of this blog may post a comment.