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What are the benefits of payment ID that BI will launch?

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Jakarta, cartitleloans Indonesia

Bank Indonesia
(BI) plans to launch a financial transaction data system named
Payment ID
.
This system is part of the development of BI Payment Info data infrastructure in the Indonesian Payment System Blueprint (BSPI) 2030.
Head of BI Payment System Policy Department Dicky Kartikoyono revealed that the system is still under development in the context of trials starting on August 17.
“At present the payment ID is still in the trial/experimentation stage to be used in one particular use case, which is to help the accuracy of the distribution of non -cash social assistance, which will begin the process on August 17,” Dicky said in Jakarta, Wednesday (7/23), launching
Between.
So what are the benefits of payment ID?
In BSPI 2030, Payment ID has three main functions.
First,
as a key identification to form a payment system user profile.
Second,
as a key to authentication in processing transactions.
Third,
As a unique key to combining individual profile data with granular transaction data.
This system will record the financial profile of the public and be integrated with the Population Identification Number (NIK).
After that, the system will integrate various public financial activities such as income, spending transactions using bank savings, credit cards, and digital wallets (e-wallet).
Thus, the government can more easily detect illegal transactions such as online gambling, money laundering, and terrorism funding.
In addition, Indonesia will have a database as a public goods that can strengthen the integrity of transactions and support the formulation of national policies.
[Gambas: cartitleloans video]
(SFR/PT)

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