Certain Indonesian banks are seeking to promote the use of prepaid cards among their customers for day-to-day transactions.
Bank Mandiri, a state-controlled lender, intends to increase the number of prepaid cards users to 4.5 million 2014-end, compared with 3.5 million a year ago, reported The Jakarta Post.
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Mandiri transaction banking senior executive vice president Rico Usthavia Frans earlier said that the bank had planned to issue prepaid cards, targeting Jakarta commuter trains passengers.
"We are looking to expand our prepaid business to the commuter trains by the second quarter of this year at the latest," Frans added.
The lender currently offers a range of prepaid cards, including e-money, e-toll, gas and Indomaret cards.
As of December 2013, the total transaction volume was 113.4 million with a transaction value of $127.38m for the bank.
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By GlobalDataRico noted that the launch of new GTOs would help increase the lender’s e-toll card users.
On the other hand, Bank Rakyat Indonesia (BRI) and Bank Negara Indonesia (BNI) are also on the same track to promote prepaid cards usage.
BRI funding and banking services division deputy general manager Imam Subowo said that he expects the number of Brizzi prepaid card users to rise to at least 3.5 million from the current two million.
BNI hopes to have more than 400,000 prepaid card users by 2014-end. Bank Central Asia (BCA) anticipates up to 20% growth this year.
