Retail Payment Systems
In the OIC Member Countries
55
Card Payments
The use of payment cards, particularly debit cards, in Indonesia has increased rapidly in recent
years. Visa, MasterCard and JCB International are the principal credit card issuers in Indonesia.
There were approximately 89 million payment cards in circulation at the end of 2012, a 40%
increase on the same period in 2011.
Debit cards account for over 80% of all cards in circulation. In 2012, debit card payments
accounted for over 83% of the total volume of cashless payments but just 0.1% of the total
value (HSBC, 2012). There are 55 banks issuing debit cards in Indonesia, 20 issuing credit
cards and 102 issuing ATM cards.
There are three credit card clearing operators (JCB International, Mastercard Indonesia and
Visa Worldwide Indonesia) and five ATM and debit card clearing operators (Artajasa
Pembayaran Elektronis, Daya Network Lestari, Rintis Sejahtera, MasterCard Indonesia and
Visa Worldwide Indonesia).
Three domestic ATM networks operate in Indonesia (ATM Bersama, Prima and Alto) and two
international ATM networks (Cirrus and Plus). Transactions at domestic ATMs are carried out
in real time, with final settlement taking place through BI-RTGS. Transactions at Cirrus and
Plus ATMs are cleared by MasterCard and Visa. PoS transactions are carried out via two PoS
networks, the Debit BCA network and Kartuku.
Electronic money schemes are available in Indonesia in the form of reloadable pre-paid cards.
There were 21.9 million e-money cards in circulation at the end of 2012, a 53% increase on the
same period in 2011 (HSBC, 2012). Six banks and seven non-bank financial institutions
provide e-money schemes. Unregistered e-money cards have a maximum value threshold of
IDR 1 million. Registered e-money cards have a maximum value threshold of IDR 5 million.
There is a monthly limit of IDR 20 million for e-money transactions. In 2012, e-money
transactions accounted for 3.0% of the total volume of cashless payments.
Electronic Banking
Electronic banking is available in Indonesia and offered by the majority of the country’s banks.
There is no bank-independent electronic banking standard in Indonesia; each bank offers its
own proprietary system for corporate banking purposes. Services available include balance
and transaction reporting and payment initiation. Internet banking is not widely available;
internet penetration represents just 22.4% of the population (HSBC, 2012). Online
transactions are conducted via the Secure Electronic Transaction (SET) system.