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Bank Indonesia (BI) recorded that only debit cards experienced growth compared to other Electronic Data Capture (EDC) payment instruments. The number of ATM and credit cards, however, decreased.
Until August 2019, the number of debit cards increased by 10.39%, from 152.6 million units in August 2018 to 168.5 million units. Meanwhile, the number of credit cards decreased by 0.13%, from 17.3 million to 17.28 million, and ATM cards decreased by 4.91%, from 9.4 million to 8.9 million.
Actually, the number of debit cards decreased by 2% last year to 152.5 million from 155.7 million units in 2017. Credit cards, however, increased by 0.18% to 17.3 million, and ATM cards increased by 0.36% to 8.8 million units.
BI explained that the increase or decrease in the number of EDC cardholders is due to policies implemented by several issuing institutions. They removed cards from users who were inactive or failed to meet their obligations within the stipulated timeframe.
"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."
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