Introduction
Payment System and Financial Market Infrastructure
Statistics (PSFMI)
As a central bank, one of Bank Indonesia’s mandates is to regulate
and maintain orderly Payment Systems and Rupiah Currency Management
(PS RCM). This has strong linkages with the effectiveness of other
core tasks at Bank Indonesia in terms of monetary and
macroprudential policies. Therefore, Bank Indonesia operates the
Bank Indonesia Payment System that serves retail transactions in
Indonesia’s banking industry and provides Financial Market
Infrastructures (FMIs) that are critical to economic activity in the
country. Payment system policy at Bank Indonesia constantly strives
towards creating a Fast, Simple, Affordable, Secure and Reliable
payment system. Meanwhile, Rupiah Currency Management focuses on
safeguarding the availability of Rupiah banknotes and coins fit for
circulation of appropriate denomination in a timely manner based on
public demand and free from counterfeiting, while prioritising
efficiency and the national interest. Bank Indonesia also actively
encourages public to use cashless payment instruments, including
debit cards featuring the national logo, electronic money and QRIS
payment channels.
Bank Indonesia compiles Payment System and Financial Market
Infrastructure Statistics (PSFMI) to inform about the latest
developments in Indonesia and as an effective communication and
education media for stakeholders concerning relevant task
implementation and policies in Payment System and Rupiah Currency
Management (PS RCM). PSFMI statistics consists of indicators
developed to represent the latest developments concerning the
Payment System and Rupiah Currency Management, including financial
market infrastructures and systems in Indonesia. The scope of PSFMI
statistics covers currency in circulation, payment systems and
settlement systems in Indonesia, which illustrate the development of
cash and cashless payment systems and infrastructure as well as the
availability of settlement services in Indonesia. PSFMI statistics
are compiled referring to data managed by Bank Indonesia in
conjunction with other relevant authorities and supporting
institutions for the financial markets in Indonesia, including the
Indonesia Stock Market Clearing House (KPEI) and Indonesian Central
Securities Depository (KSEI).
The publication of PSFMI statistics is expected to provide valuable
information for stakeholders concerning Bank Indonesia's
responsibilities in terms of Payment Systems and Rupiah Currency
Management, while serving as a reference for those requiring
statistics concerning the payment system and financial market
infrastructures in Indonesia. Constructive suggestions, criticism
and comments are expected to further enhance the scope and quality
of PSFMI statistics moving forward.
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