Bank Indonesia (BI) may extend the deadline for the country’s commercial banks to use chip technology for their debit cards in response to the need for a longer migration period from the current technology, the central bank’s senior official executive has said. According to a central bank regulation issued in 2014, all debit cards issued by local banks should use chip technology beginning Jan. 1, 2016. “However, our evaluation showed that the migration needs a longer time, so we are reviewing the policy, which will be revised and issued as a new regulation before the end of this year,” said BI deputy...
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