Ronald Waas Deputy Governor, Bank Indonesia
Distribution of the social assistance funds is a domestic transaction
October 4, 2016
As a regulator of the banking system, Bank Indonesia wants to ensure that the use of debit cards and vouchers for electronic money goes smoothly, safely and efficiently. This includes the distribution of non-cash social assistance. This is why the central bank feels that it is appropriate for the distribution of the social assistance funds to involve local players. Nevertheless, the payment system between government banks, which is interconnected
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