Heaptalk, Jakarta — Bank Indonesia (BI) intends to reduce the number of Automatic Teller Machines (ATMs). BI determined to perform this determination due to several factors, such as a transaction shifting to digital service, including mobile banking and apps, which simplifies people to make their transactions everywhere. On the other hand, the investment and maintenance costs for ATMs are relatively high.
“These two reasons have led BI to take action to reduce the number of ATM networks in Indonesia, particularly in major cities,” Bank Indonesia conveyed.
Bank Indonesia refused to specify the details of banking companies that are reducing ATM utilization. Nevertheless, Indonesia’s Financial Services Authority (OJK) mentioned that the network of conventional commercial bank (BUK) offices across Indonesia remained at 11,539 as of the fourth quarter (Q4) last year, a decrease of about 4,676 units.
“The most significant network is still dominated by electronic banking terminals (ATMs/CDMs/CRMs), totaling around 91,412 units. This result diminished by 1,417 units, compared to the former of 92,829 units in the previous year.” Bank Indonesia in its official statement.
