Jakarta, 15 October 2024 - PT Bank Central Asia Tbk (BCA) introduced the Multi-Settlement feature for QRIS transactions within the BCA Merchant application. This feature allows individual micro businesses (UMi) to withdraw funds from static and dynamic QRIS transactions more swiftly and frequently throughout the day. The launch reflects the company's commitment to fostering digital innovation to support the growth of the local business ecosystem.
The Multi-Settlement feature enables micro businesses to transfer funds from QRIS transactions to their accounts up to four times daily. This allows merchants to receive same-day transaction funds, helping them address their business needs more effectively and efficiently.
BCA EVP of Transaction Banking Business Development I Ketut Alam Wangsawijaya stated, “We are committed to meeting the evolving needs of our customers, including entrepreneurs and merchant partners. The Multi-Settlement feature is designed to provide a practical and efficient solution for streamlining business processes. We hope this feature enables merchants to manage their cash flow more smoothly, fulfill their needs, and ultimately drive their business growth.”
The QRIS Multi-Settlement feature enables merchants to select specific times for transferring funds according to a set schedule. Funds are credited to their accounts within 1-2 hours after settlement. Below is the fund disbursement schedule available to business owners:
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Dynamic QRIS |
1. At 08.10 WIB for transactions made between 04.00-07.59 WIB 2. At 14.10 WIB for transactions made between 08.00-13.59 WIB 3. At 19.10 WIB for transactions made between 14.00-18.59 WIB 4. At 04.10 WIB (D+1) for transactions made between 19.00-03.59 WIB |
|
Static QRIS |
1. At 08.10 WIB for settlements on machines before 08.00 WIB 2. At 14.10 WIB for settlements on machines before 14.00 WIB 3. At 19.10 WIB to settlements on the machine before 19.00 WIB 4. At 04.10 WIB to settlements on the machine before 04.00 WIB |
BCA takes a proactive approach by offering a range of banking solutions to support businesses of all sizes, including MSMEs. One of BCA's efforts is aligning their digital services with the needs of entrepreneurs through the BCA Merchant application. In addition to the QRIS Multi-Settlement feature, BCA Merchant includes several other important features, such as Merchant Care, real-time transaction notifications, EDC receipt submission, and transaction monitoring for multiple stores.
"The fast-paced evolution of the digital landscape and technology offers substantial opportunities for the growth of MSMEs and local entrepreneurs. The QRIS Multi-Settlement feature demonstrates our commitment to supporting the digital transformation of the local business ecosystem. BCA will continue to innovate by delivering digital services that improve business efficiency, especially for MSMEs, enabling them to grow sustainably and make positive impact on the Indonesian economy," said I Ketut Alam Wangsawijaya.
In addition to introducing new features for disbursing funds from QRIS transactions, BCA continues to provide a range of empowerment initiatives for MSMEs. Some of BCA's support for MSME players includes:
- Organizing the UMKM Indonesia Go Export Workshop to encourage MSMEs toto explore the export market,
- Facilitating the issuance of 1,000 halal certificates for MSMEs throughout 2023, and
- Hosting the BCA UMKM Fest, where the 2024 edition featured over 1,200 MSMEs and recorded a transaction value of more than Rp17 billion.
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About PT Bank Central Asia Tbk (as of 30 June 2024)
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. By the end of June 2024, BCA has the privilege of serving more than 37 million customer accounts, processing around 95 million of daily transactions through a network of 1,259 branches, 19,163 ATMs as well as internet & mobile banking services and Halo BCA contact center that can be accessed 24 hours. 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 relationships with customers, putting people first, and making a positive impact on society at large. With more than 27,000 employees, BCA's vision is to be the bank of choice and a major pillar of the Indonesia economy.
PT BANK CENTRAL ASIA TBK
Group Corporate Communication and Social Responsibility - CSR
Corporate Communication
Address :
Jl. MH Thamrin No. 1
Menara BCA Lt. 22
Jakarta Pusat 10310
Telephone : (021) 2358-8000
Fax : (021) 2358-8339
E-mail : corcom_bca@bca.co.id
