October 30, 2025 | 04:59 pm
TEMPO.CO, Jakarta - Bank Indonesia Governor Perry Warjiyo has claimed that BI-Fast, the country’s real-time, low-cost payment system developed by the central bank, is now the fastest and most affordable digital payment service in the world, costing only Rp2,500 (around 25–30 U.S. cents) per transaction.
Speaking at the opening of the Indonesia Digital Economic and Financial Festival & Indonesia Fintech Summit and Expo 2025 at JICC, Jakarta, on Thursday, October 30, 2025, Perry said the system’s low transaction fee makes BI-Fast one of the most cost-efficient payment infrastructures globally.
“Just Rp 2,500 per transaction. That’s extremely cheap in dollar terms, making it one of the cheapest payment services in the world,” he said.
He added that for transactions of up to Rp500,000 made with merchants, users are exempt from fees or charged a zero percent merchant discount rate (MDR).
This, Perry said, reflects BI-Fast’s status as “one of the most efficient payment systems in the world.”
According to Bank Indonesia’s website, BI-Fast is a national retail payment infrastructure designed to facilitate real-time, low-cost, and secure retail payments available 24/7.
The system supports individual credit transfers (ICT), bulk credit transfers (BCT), payment requests (RFP), and direct debit transfers (DDT).
In the third quarter of 2025, BI reported that the total retail transaction volume processed through BI-Fast reached 1.22 billion transactions, a 32.34 percent increase from the same period last year.
The total transaction value reached Rp3,024.08 trillion, underscoring the rapid adoption of the system among Indonesian users.
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