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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