Jakarta, December 24, 2021 – As part of the national banking system, PT Bank Central Asia Tbk (BCA) participated in supporting implementation of BI Fast in the first phase. Today, Friday (24/12), BCA has added an interbank transfer service, BI FAST, on the website version of myBCA channel [https://mybca.bca.co.id/]. In the future, BI Fast service will also immediately be implemented in myBCA app for IOS & Android users. Through the service, customers can easily do online interbank transfers which are available 24/7. It will also be developed on other BCA gradually.
As known, Bank Indonesia officially launched BI Fast, which is a national retail payment system infrastructure that can facilitate real-time, safe, efficient retail payments on Tuesday (21/12). The launch of BI Fast is also a strategic step for Bank Indonesia in creating a modern national payment system as part of the implementation of the 2025 Indonesia payment system blueprint. In the first phase, Bank Indonesia has synergized with 22 banks, one of which is BCA.
Through BI Fast service, now customers can do interbank transfer transactions at a much more affordable rate than LLG transfer, which is 2,500 IDR per transaction.
“BI Fast is an adequate innovation in encouraging the modernization of Bank Indonesia's National Clearing System (SKNBI) and retail payment system infrastructure. BCA certainly welcomes the enthusiasm of BI-FAST modern infrastructure organized by Bank Indonesia, which continuously strengthens innovation, efficiency and resilience of the National Payment System infrastructure in line with other developed countries. We believe that this innovation is relevant and can accommodate the needs of the community, especially banking customers," said BCA President Director, Jahja Setiaatmadja.
For information, transactions on BCA digital channels during the pandemic rapidly increased. BCA internet banking transactions grew by 29% YoY to 1.09 billion transactions in the third quarter of 2021, while BCA mobile banking transactions rocketed 55% YoY to 2.64 billion in the third quarter of 2021. Thus, the portion of digital banking transactions, which include BCA mobile and internet banking, was 88% per third quarter of 2021. On the other hand, the portion of transactions at branch offices was recorded at 0.5%.
The BI Fast system now can be used by customers on the website version of the myBCA channel [https://mybca.bca.co.id/]. The myBCA is a digital platform from BCA where customers only need a single user ID to access all account information they have at BCA using their BCA ID. For more information regarding myBCA, please visit the website www.bca.co.id/mybca.
“BCA sees that this new initiative will provide convenience to customers and is expected to accelerate digitalization of the financial system and contribute to accelerated economic recovery. In the future, BCA will continue to strengthen the financial ecosystem, refinement and modernization of its information technology infrastructure to support the reliability and security of various digital transaction banking services, so it is expected that this will increase the volume of digital banking transactions and support the company's business growth," concluded Santoso, Director of BCA.
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About PT Bank Central Asia Tbk (as of 30 September 2021)
BCA is one of the leading commercial banks in Indonesia with the core business of transaction banking. BCA also offers a full range of financial services in consumer, SME, commercial and corporate segments. As of September 2021, BCA has the privilege of serving more than 26 million customer accounts, processing around 46 million of daily transactions through a network of 1,237 branches; 17,913 ATMs as well as the 24-hour internet & mobile banking systems; supported by 24/7 Halo BCA contact center. BCA’s presence is complemented by a number of subsidiaries focusing on vehicle financing, sharia banking, securities, general and life insurance, digital bank, remittance as well as venture capital business. BCA is committed to building lasting relationship with customers, putting people first, and making positive impact on society at large. With more than 25,000 employees, BCA's vision is to be the bank of choice and a major pillar of the Indonesia economy.
For more information, please contact :
PT BANK CENTRAL ASIA TBK
Corporate Secretary & Communication
Public Relations
Address : Jl. MH Thamrin No. 1
Menara BCA Grand Indonesia 20th Floor
Jakarta Pusat 10310
Phone : (021) 2358-8000
Fax : (021) 2358-8339
E-mail : corcom_bca@bca.co.id
