Jakartans disinclined about Indonesian Credit Card
Reducing reliance on western credit card providers was the main notion behind the establishment of the Indonesian Credit Card (KKI), so the country has a system to rise to the task when worst comes to worst.
Jakartans have shown a lukewarm response to the introduction of the Indonesian Credit Card (KKI), after realizing its limitations and considering its relevance. The card was launched by the Bank Indonesia (BI) on Independence Day, following years of limited usage. BI's interim governor, Destry Damayanti, clarified that the KKI is solely for domestic transactions, with no plans to integrate it with international payment networks.
Kaleb Sihombing, a Jakarta civil servant, expressed his reluctance to obtain a KKI due to the necessity of making overseas transactions. He frequently uses his credit card only abroad or during domestic discounts, finding other payment methods more convenient for everyday use. The dominance of American companies like Visa and Mastercard in the Indonesian credit card landscape has further contributed to the skepticism surrounding the KKI.
The introduction of economic sanctions on Russia in 2022 has also impacted the international credit card system, making it more challenging for the KKI to compete.
Written by urgent.news from The Jakarta Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
