BI Invites Papuan Communities to Be Used Non-cash Transactions

Bank Indonesia (BI) officially opened the Papua Non-Cash National Movement (GNNT) 2017 week. Raising the theme 'With Nontunai: Easier, Safer and Cooler!', BI wants the compact Papuan community to start the practice of non-cash transactions.

BI Deputy Governor ,Sugeng, explained that since August 14, 2014 BI has launched this GNNT as an effort to encourage people to use non-cash payment systems and instruments in payment transactions.

"The world community has gradually shifted from a community dominated by cash-based transactions to nontunai in its economic activities. Not only in developed countries, even in countries that are nicknamed third world countries like in Africa too, have moved towards the society that is Less Cash Society," said Sugeng in Jayapura, Papua, Friday (10/13/2017).

On that basis, continued Sugeng, BI was very serious in disseminating throughout Indonesia about GNNT, including in Papua.

"We highly appreciate the cohesiveness and business of banking and non-cash payment instrument issuers in Papua Province to introduce non-cash transactions, and it is necessary to have massive, systematic and coordinated socialization activities to introduce non-cash payment instruments in Tanah Papua," he said.

BI considers the same thing is also needed by other regions in Indonesia. Described Sugeng, what is done by BI, OJK, banks and publishers in Papua is exemplary by other areas.

"We are challenging banks and publishers to help local governments in 29 districts / municipalities in Papua to immediately implement non-cash payment transactions in local financial management, both in revenue and expenditure," Sugeng said.

There are so many benefits provided by a Less Cash Society. First, is the practicality and security in transacting. Second, in macroeconomics, economic efficiency is very large. The banking system can also reduce cash management costs, while the central bank can save trillions of printing and distributing cash costs.

Third, recording transactions that occur automatically and transparently facilitate monitoring and planning of business and economy in general. Fourth, the circulation of money in the economy can take place more quickly so as to encourage economic growth.

Equally important, the non-cash-based community of communities, opening up opportunities for the widest possible membership to access financial services that may have only been enjoyed by a particular or exclusive group.

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