Jakarta (ANTARA) - Deputy Governor of Bank Indonesia (BI) Filianingsih Hendarta expressed BI's support to the development of transportation digitalization through expediting payment system digitalization to fulfill the community's needs and drive economic growth.

"Bank Indonesia, as the payment system authority, supports the development of transportation digitalization as one of the priority programs of the government to create a safe, efficient, and smooth payment system," she noted here on Wednesday.

Hendarta made the statement at a plenary session themed "Smart Move: Urban Mobility's Digital Evolution,'' which is part of the Intelligent Transport System (ITS) Asia Pacific Forum held on May 28-30, 2024.

According to Hendarta, payment digitalization and integration in the transportation sector vary. She identified at least three stages of payment digitalization in the transportation sector: initiation, implementation, and replication stages.

At the initiation stage, the transportation sector is still developing the most suitable business model. Hence, the focus is to ensure comfort for operators and users.

Thereafter, in the implementation stage, the digitalization of payments has been applied to the transportation sector, and the models include hybrid, both cash and non-cash, and full cash or all-digital payment systems.

Related news: Minister presses for digitization in sea transportation services

The third stage is the implementation of the digital payment system, and during this stage, the business model is replicated across various types and modes of transportation. One of the examples is cashless payments at parking lots, buses, trains, and integrated ferry and port services.

BI, as a central bank, will also continue the acceleration of payment system digitalization as part of the implementation of the 2025 Indonesian Payment System Blueprint to encourage inclusive and efficient economic and financial recovery.

The ITS Asia Pacific Forum is a biennial event held to exchange ideas and technological innovations as well as discuss the progress of transportation systems in countries in the Asia-Pacific.

The forum brings together policymakers, industry leaders, experts, and representatives from civil society to advance sustainable transportation initiatives in the Asia-Pacific.

The ITS Asia Pacific Forum 2024 is attended by one thousand representatives from various countries, including Indonesia, the US, the UK, Australia, Canada, and China.

Related news: Sumadi calls for improving digitization services in maritime transport

Translator: Martha Herlinawati, Raka Adji
Editor: Yuni Arisandy Sinaga
Copyright © ANTARA 2024