The Number of ATM Cards Continues to Increase Over the Last Decade

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Viva Budy Kusnandar 26/09/2022 12:00 WIB

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Despite the growing trend of e-money, the number of ATM cards has continued to increase over the past decade.

Number of ATM and Debit Cards in Indonesia (2012-July 2022)

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Number of ATM and Debit Cards in Indonesia (2012-July 2022)

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Despite the growing trend of electronic money, the number of ATM cards has continued to increase over the past decade. This indicates that people still need cash for daily transactions.

Based on data from Bank Indonesia (BI), the total number of ATM cards in circulation reached 244.06 million units in July 2022. This comprises 4.58 million ATM cards and 239.48 million debit ATM cards.

Compared to the end of 2021, the total number of ATM cards in July 2022 increased by 17.75 million units (7.85%). Specifically, ATM cards decreased by 0.42 million units (8.45%), while debit ATM cards increased by 18.18 million units (8.21%).

Previously, a video circulated on social media claiming that banks would withdraw all ATM cards to reduce cash transactions and replace them with digital transactions.

However, Erwin Haryono, Head of the BI Communication Department, stated that this information is incorrect. To date, there is no information from BI regarding the withdrawal of all ATM cards by banks. Cash transactions are still necessary.

"Digitalization in the long term will reduce the need for paper money, as has happened in many places, but the need for paper money will remain," said Erwin, as reported by *Kompas.com* on Sunday (September 25, 2022).

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."