Kamis, 19 Oktober 2017 | 14:14 WIB
English
BI Freeze Some Electronic Money Including Paytren
Senin, 9 Oktober 2017 | 00:06 WIB
Agus Martowardojo - [Deni Hardimansyah/Skalanews]

Skalanews - Bank Indonesia has suspended top up services for some electronic money products, including Paytren owned by well-known Ustadz Yusuf Mansyur speaker.

BI Governor Agus Martowardojo at the Coordinating Ministry for Economic Affairs, Jakarta, Friday (6/10), said that BI currently has rules related to electronic money ie Bank Indonesia Regulation No16/8/PBI/2014 on Amendment to PBI No. 11/12/PBI/2009 on Electronic Money and also Circular Letter of BI Number 16/11/DKSP in July 2014.

Agus did not specifically mention Paytren. But he asserted all electronic money publishers must comply and apply for permission, so that the financial risks for Paytren users can be minimized.

"Actually, this is an e-commerce activity and at the time of e-commerce, they provide a platform of buying and selling. When the institution will conduct electronic money business it must be orderly ask permission first to BI. If talk about the time may be 90 days have responded, said Agus.

In accordance with Bank Indonesia Circular Letter Number 16/11/DKSP issued on July 22, 2014, in which a bank or institution other than a bank that administers electronic money with the amount of funds settles or plans to manage funds of Rp1 billion and above shall have a license as an issuer of electronic money from BI.

Agus said through a large managed fund, all electronic money publishers must have risk management and good technological facilities to protect consumers.

If there is no good governance, the funds accumulated belonging to users are vulnerable to a number of risks.

"The amount collected is large enough, meaning that risk management and technology must be good," he added.

When the licensing process, said Agus, electronic money publishers can optimize the services of other transactions such as using credit cards, debit cards and others.

"Each of these institutions is able to do business, because in addition to electronic money business, they can trade online transactions, can use credit and debit cards. If electronic money ofcourse it must follow BI rules first, do not endanger consumers," he said.

Director of Electronication of BI Payment System Pungky Wibowo explained, since the issuance of PBI and SE electronic money, BI continues to monitor the services of electronic money publishers.

When the managed fund has reached Rp 1 billion or the publisher is planning to manage funds up to Rp 1 billion, BI directly contact the issuing company to immediately apply for permission.

"We monitor 'closely' continues. This 'floating fund' is already Rp1 billion, we remind to get permit," he said.

Until now, some e-commerce balance added services have been discontinued because they are completing licensing from BI, other than Paytren. For example, TokoCash by Tokopedia Shop and BukaDompet by BukaLapak.

But that stopped only the balance-added service. Users of electronic money can still use their balances or withdraw their balances.

If the terms of the principle are met, the license granted by Bank Indonesia to "e-commerce" as the issuer of five-year electronic money.(Ant/Frida Astuti/dbs)