BANK SENTRAL SISTEM PEMBAYARAN | KELAS X SEMESTER 2 | GRATIS PPT

Summary

In this session, the speaker discusses Indonesia's payment systems, starting with the evolution from barter to modern payment methods like cash, checks, and electronic transactions. The role of Bank Indonesia is emphasized, focusing on its regulatory, supervisory, and facilitative functions. The speaker also explains different payment systems such as RTGS (Real-Time Gross Settlement), clearing systems, and securities settlement, highlighting their relevance in banking transactions like salary payments. The presentation aims to provide a comprehensive understanding of the importance and operation of payment systems in Indonesia’s economy.

Takeaways

• 😀 Payment systems are crucial for facilitating smooth transactions in daily economic activities in Indonesia.
• 😀 The payment system includes rules, institutions, and mechanisms to ensure the proper transfer of funds between parties.
• 😀 The system has evolved from barter (goods exchange) to commodity money (essential goods) and eventually to coin and paper money.
• 😀 Modern payment systems in Indonesia include both cash payments (coins and banknotes) and non-cash payments (e-money, credit cards, etc.).
• 😀 Bank Indonesia plays a critical role in regulating and overseeing the national payment system, ensuring compliance and efficient operation.
• 😀 Bank Indonesia issues regulations for payment systems, licenses institutions to use payment methods, and monitors transactions.
• 😀 RTGS (Real Time Gross Settlement) is used for large-scale, urgent transactions, with amounts above IDR 100 million and higher fees.
• 😀 RTGS allows for fast processing of large payments, reducing risks associated with significant transactions.
• 😀 The clearing system is used for smaller payments, like payroll, and involves a longer processing time, typically taking a few days.
• 😀 Bank Indonesia acts as an operator for the RTGS and clearing systems while also facilitating technological advancements in payment systems.
• 😀 Bank Indonesia continues to innovate and develop payment systems in line with technological advancements in communication and finance.

Q & A

What is the role of a payment system in an economy?

A payment system is essential for regulating and ensuring the smooth transfer of funds during everyday transactions, thus maintaining economic activity.

What does the payment system include?

The payment system includes a set of rules, institutions, and mechanisms used to transfer funds in order to fulfill economic obligations.

Why is the payment system compared to the circulatory system in the human body?

The payment system is likened to the human circulatory system because it plays a crucial role in the flow of money, which is vital for the functioning of the economy.

What is meant by the 'medium of exchange' in the context of a payment system?

The 'medium of exchange' refers to money, which emerged as a means for facilitating trade and fulfilling obligations during economic activities.

What was the earliest form of trade before the development of money?

Before the concept of money, trade was based on barter, where goods or services were exchanged directly, like fish for livestock.

What is commodity money?

Commodity money refers to goods that were used as a medium of exchange, typically essential items like rice, sugar, or tea, which were widely desired and agreed upon for trade.

What is the evolution from commodity money to modern currency?

Commodity money evolved into primitive money forms like shell currency, which eventually led to the creation of metal coins and paper money as standardized currencies.

What are the two main types of current payment systems?

The two main types of payment systems today are cash payments (using currency like coins and paper money) and non-cash payments (like using cards, checks, or electronic transfers).

What is the role of Bank Indonesia in the payment system?

Bank Indonesia serves multiple roles, including acting as a regulator, providing licenses for payment institutions, overseeing the system’s operations, and facilitating the development of payment technologies.

What is the RTGS (Real-Time Gross Settlement) system, and when is it used?

RTGS is a payment system used for transferring large sums of money quickly. It is typically used for transfers of 100 million IDR or more and is characterized by fast processing times and high transaction costs.

How does the clearing system work in payment transactions?

The clearing system involves banks verifying and settling transactions through a process that ensures the correctness of accounts and the availability of funds. It is often used for payments like salaries, and it generally takes a few days to complete.

What is the difference between RTGS and the clearing system?

RTGS is used for large transactions that require immediate settlement and has higher fees, while the clearing system is used for smaller transactions and typically has lower costs with a longer processing time.