Bank Indonesia Urges Public to use ATM/debit Cards Bearing the NPG Logo - Bank Sentral Republik Indonesia
Navigate Up
Sign In
May 22, 2019
Bank Indonesia urges the public to use ATM/debit cards bearing the National Payment Gateway (NPG) logo. The public can exchange their old cards for new ATM/debit cards with the NPG logo at their nearest bank branch. Furthermore, Bank Indonesia is working with the banking industry to organise a campaign for the public to exchange old cards for new ATM/debit cards bearing the NPG logo in 17 regions throughout Indonesia from 29th July to 3rd August 2018. Similar activities will be rolled out in three stages through to October 2018 in line with the requirements for ATM/debit cards issued since 1st January 2018 to display the NPG logo.
 
The public is being urged to use ATM/debit cards bearing the NPG logo based on five key advantages. First, NPG logo ATM/debit cards are accepted by all payment channels throughout Indonesia. Second, NPG ATM/debit cards facilitate secure and convenient transactions due to standardised security features and domestic processing through national networks. Third, the public will no longer incur fees imposed by merchants due to implementation of the Merchant Discount Rate (MDR)[1]. Fourth, the public will no longer need to hold cash because all payment channels are now interconnected and interoperable. Fifth, administration fees will be lower because all processing is performed domestically, which is more efficient. The before and after price schemes are presented as follows:
 
Price Scheme
Before NPG
After NPG
Notes
On us (transactions processed by the same issuer and acquirer[2])
 
Regular Merchants
MDR of up to 3.5%
MDR of 0.15%
MDR is applicable to the merchant
Educational Institutions
MDR of up to 3.25%
MDR of 0.15%
Filling Stations
MDR of up to 3.52%
MDR of 0.15%
The rate will be evaluated periodically and reviewed as required
G2P, P2G and Donation Merchants
MDR of up to 3.25%
MDR of 0%
Off us (transactions processed by different issuers and acquirers)
 
Regular Merchants
MDR of up to 3.5%
MDR of 1%
 
Educational Institutions
MDR of up to 3.25%
MDR of 0.75%
 
Filling Stations
MDR of up to 3.52%
MDR of 0.5%
 
G2P, P2G and Donation Merchants
MDR of up to 3.25%
MDR of 0%
 
 
[1] Merchant Discount rate is the tariff imposed by banks on merchants.
[2] An acquirer is a bank or nonbank financial institution cooperating with a merchant that can process the data associated with e-money issued by a third party.
Tags:  

Survey

Is this article give you useful information?
Rate this article:
Comment:
Show Left Panel