The Cashless Trap
The presence of different types of electronic money has increased the number of non-cash transactions. Bank Indonesia needs to prevent the emergence of monopolies.
THE use of electronic payment is a reality in this digital age. It is not surprising that many are predicting that the use of cash will soon come to an end. Consumers are making use of these convenient transactions to pay for transport, give to charities and to buy and sell goods.
The increase in electronic payments is clearly good news. The many methods available has made financial transactions easier and reduce the costs incurred by printing c...