“The newly launched “BI-Fast” system will allow real-time, secure money transfers of up to 250 million rupiah, at a maximum cost of 2,500 rupiah (17 U.S. cents) per transaction for customers, BI Governor Perry Warjiyo said. This compares with the cost of the current interbank money transfer for customers using the national payment gateway of 6,500 rupiah per transaction.”
Indonesia C.bank Says New Payment System to Slash Money Transfer Costs
Reuters
