Fathan Qorib, Pirhot Nababan
In order to improve the fund transfer service via Automated Teller Machines (ATMs), Bank Indonesia (BI) is cooperating with three ATM banking networks (Beneficiaries)—ATM Alto, ATM Bersama, and ATM Prima—by signing a Memorandum of Understanding with the three beneficiaries on Monday (6/5).
Boedi Armanto, Executive Director of Accounting and Payment System Department at BI, said that this cooperation enables bank customers to transfer their funds to any account, regardless of their banks.
Boedi further explained that fund transfers between banks have reached a significant development, roughly 52 percent of banking activities.
"We expect that this cooperation can expand the benefit of fund transfers between banks," Boedi said.
In addition, Boedi said that this cooperation could help banks that only have a small number of ATM facilities. Therefore, they can reduce their overhead cost by providing ATMs. For the public, as Boedi explained, this cooperation is beneficial because it will be easier to transfer their funds anywhere.
It should be noted that cooperation cost will remain the same. As of now, every fund transfer to a different bank is charged IDR 5,000.
This cooperation has been planned since 2010. However, the three banking networks have not reached any agreement in the last three years. The cooperation was finally agreed upon by the end of 2012.
As a background, ATM Bersama network consists of 80 banks in Indonesia, covering state-owned banks, regional banks, middle-size banks, and foreign banks. Meanwhile, ATM Prima consists of 40 banks in Indonesia, and ATM Alto network includes 24 member banks.
Boedi asserted that in the near future, this cooperation will also cover other services besides fund transfers, such as cash withdrawal, bill payment, and many more.
Regarding this cooperation, Tri Joko, Executive Director of ATM Alto Netwrok, said that it aims to provide ATM services to remote regions, where there is a lack of ATMs variety.
(jt)
Fathan Qorib, Pirhot Nababan
In order to improve the fund transfer service via Automated Teller Machines (ATMs), Bank Indonesia (BI) is cooperating with three ATM banking networks (Beneficiaries)—ATM Alto, ATM Bersama, and ATM Prima—by signing a Memorandum of Understanding with the three beneficiaries on Monday (6/5).
Boedi Armanto, Executive Director of Accounting and Payment System Department at BI, said that this cooperation enables bank customers to transfer their funds to any account, regardless of their banks.
Boedi further explained that fund transfers between banks have reached a significant development, roughly 52 percent of banking activities.
"We expect that this cooperation can expand the benefit of fund transfers between banks," Boedi said.
In addition, Boedi said that this cooperation could help banks that only have a small number of ATM facilities. Therefore, they can reduce their overhead cost by providing ATMs. For the public, as Boedi explained, this cooperation is beneficial because it will be easier to transfer their funds anywhere.
It should be noted that cooperation cost will remain the same. As of now, every fund transfer to a different bank is charged IDR 5,000.
This cooperation has been planned since 2010. However, the three banking networks have not reached any agreement in the last three years. The cooperation was finally agreed upon by the end of 2012.
As a background, ATM Bersama network consists of 80 banks in Indonesia, covering state-owned banks, regional banks, middle-size banks, and foreign banks. Meanwhile, ATM Prima consists of 40 banks in Indonesia, and ATM Alto network includes 24 member banks.
Boedi asserted that in the near future, this cooperation will also cover other services besides fund transfers, such as cash withdrawal, bill payment, and many more.
Regarding this cooperation, Tri Joko, Executive Director of ATM Alto Netwrok, said that it aims to provide ATM services to remote regions, where there is a lack of ATMs variety.
(jt)