Jakarta, CNBC Indonesia – Indonesian Payment System Blueprint 2025 document states that bank accounts will become payment identity In payment systems, where the central bank aims to modernize the infrastructure of a more efficient and secure retail payment system. This is done by using the latest technology which is realized in the Retail Payment System Initiative.
“The current configuration of Indonesia’s retail payment system is not sufficient to respond to the challenges in the digital age,” BI wrote in its report quoted on Saturday (23/7/2022).
Currently, GPN services are still limited to debit card transactions. SKNBI is not completely real time and has not operated 24 hours and 7 days (24/7).
“Furthermore, there is no transaction scheme that optimally utilizes proxy id which uses a mobile phone number or other form of identification as a substitute for an account,” BI said.
The initiative is expected to be able to meet the needs of the community including the need for digital transactions.
The National Retail Payment System will be streamlined in a new configuration that will enable the creation of a healthy digital ecosystem.
,end state There is a system of configuration which is actual timeE, operate 24/7, efficient, cheap and secure. For this reason, it is necessary to develop a payment system infrastructure that is available (24/7) at any time and is capable of using various payment transactions between customers. payment idBI wrote.
At the back end, BI-FAST, GPN and SKNBI are the backbone of the infrastructure switchingclearing, and compromise National Retail Transactions. BI-FAST is an infrastructure fast payment To accommodate and facilitate payments using cards, EU and schemes directly into accountBoth credit transfer and debit transfer.
will use the BI-FAST mechanism real time aggregate and will work 24 hours a day. standard message format [message format] ISO 20022 will be used to ensure interoperability both domestically and internationally. In addition, BI-FAST will have features proxy address And BI-FAST has direct and indirect partners which can be banks or non-banks.”
