Bank Indonesia announced the National Noncash Movement (GNNT) on 14th August 2014, which aims to create a secure, efficient and always available payment system and, in turn, facilitate an effective and efficient national financial system. GNNT is also expected to minimise the constraints associated with cash payments, such as damaged or worn currency no longer fit for circulation, as well as increased transaction efficiency as the public is no longer required to carry large amounts of currency. Therefore, GNNT will also boost transaction effectiveness by avoiding human error. Ultimately, GNNT will create a cashless society ecosystem.
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