Indonesia’s central bank promotes cashless transactions (CGTN)

In an effort to enhance the growth of its digital economy, Indonesia is now encouraging its citizens to move towards a cashless society, and its central bank is introducing a new program to promote cashless transactions.

As a developing nation, Indonesia is still behind in providing cashless payment methods. But in recent years, with the rise of ride-hailing apps and e-ticketing systems, the country has learned to embrace the new system. 

Bank Indonesia (BI) and Indonesian government have launched a national campaign to support and promote the technology. Ryan Kiryanto, corporate secretary for Bank Negara Indonesia, noted that as an archipelago, Indonesia has the opportunity to develop this system further and make the lives of those in smaller cities even easier.

“Many people nowadays, especially the young generation, are looking for ways to make transactions convenient, easy and quick. Whether we like it or not, we are heading towards that direction and we have to learn to adapt. For many, cash is now becoming inefficient,” Kiryanto said.

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Silkina Ahluwalia

30 July 2018

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