BI-FAST, a part of Indonesia Payment Systems Blueprint 2025, is a retail payment system that promotes faster, easier, and cost-effective transactions, which can be done in real-time and available 24/7. Unlike the current system, BI-FAST does not require account number information for customers to make online transfers. Now, transferring money can also be easily done by using recipient??s mobile number or email address.
Aiming to enhance and standardise the quality of online transfer services, BI-FAST is expected to increase financial inclusion by reaching as many people as possible. Therefore, the adoption of this system will provide enormous benefits for the government, society, banks, fintech companies, digital payment providers, and the digital financial ecosystem in Indonesia.
This payment system will be implemented in 2021 and as the main participant, banks are required to prepare all the necessary solution and infrastructure. As the solution provider of SKNBI, which is a critical national payment system with very high availability, PT Murni introduces SMARTGATEWAY? to ensure smooth and hassle-free implementation of BI-FAST for every participant.
Mr. Christian Liadinata, CEO of PT Murni, explained that SMARTGATEWAY?is a ready-to-use application that connects the Bank Indonesia??s system with the system owned by each participant. Developed as a smart, flexible, and adaptive solution, SMARTGATEWAY?ensures a faster, easier, and cost-effective implementation of BI-FAST with no to minimal modification on the participants?? part.
In addition, the SMARTGATEWAY?solution can be easily integrated into the participant??s internal system; therefore, it will reduce the time and process required for BI-FAST implementation.
As a solution provider with over 29 years of experience in the Indonesian banking industry, PT Murni also develops SMARTGATEWAY? as a holistic, secure, and value-added solution for banks so that this solution does not only facilitate BI-FAST, but also other digital payment systems such as RTGS, bulk payment, SWIFT ?? all in compliance with ISO20022 payment standards.
??With BI-FAST being a critical national payment system, choosing the right solution from a solution provider (Vendor) with proven expertise in national payment system becomes the key for successful BI-FAST implementation.? he added.
For further information, please contact our Expert Consultants via email BI-FAST@murni.co.id.
2021-06-16 05:00:00
