REPUBLIKA.CO.ID, JAKARTA - Banking transaction using credit card is expected to switch to debit card. Banks will encourage their customers to use debit card in shopping transaction to create cash less society.

Bank Indonesia (BI) recorded that volume of debit card transactions in October 2013 reached 197.4 million times with nominal value of 119.1 trillion IDR. The volume has exceeded credit card transactions that only reached 195.05 million times with nominal value of 179.6 trillion IDR.

"There are customers who like credit cards, but there are also customers now trying to use debit cards because some conditional factors," Senior Vice President of PT Bank Mandiri, Riza Zulkifli said on Monday.

The increase in saving is in line with the increase in debit card. Banks Mandiri will expand its payment scheme widely, so that customers are getting easier to use card and saving money. The use of credit card for transaction will encourage less cash society.

Cost of cash printing is so expensive, so people must be encouraged to transact using cards. Volume of Mandiri debit card reached more than 11 million IDR per month. The figure is projected to rise 20 to 30 percent.

PT Bank Negara Indonesia (BNI) predicts growth of debit card will significantly rise.  General Manager of Product Management Division-Consumer & Retail Banking in BNI, Dodit W Probojakti explained that debit card growth will reach 35 percent next year, while credit card growth is limited to 10 to 15 percent.

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