The Central Bank has reported that there are an average of 420,000 daily transactions with total value of USD 762,000 (IDR 8.7 billion) using e-payment tools. There are currently 17 online payment companies in Indonesia.
Indotelko, cited by techinasia.com, has mentioned a couple of significant revisions to the regulations. Thus, e-payment players are no longer allowed to close exclusive partnerships, meaning that companies can cooperate with multiple e-payment tools at the same time.
Another revision deals with the minimum balance that customers need to keep inside an e-payment service when withdrawing the money. That minimum balance has now been reduced to zero, according to the same source.
E-payment and e-money services in Indonesia are allowed to charge users extra for things such as card printing, administration, top-up fees and fees when withdrawing money from banks. The new regulations encourage e-payment companies to allow online top-up between competing services. That interoperability has been implemented by three firms: Telkomsel’s T-Cash, Indosat’s Dompetku, and XL Axiata’s XL Tunai.
The regulatory revision also clarifies some details for e-payment players, such as definitions, legal permissions and responsibilities.
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