REPUBLIKA.CO.ID, JAKARTA -- Bank Indonesia (BI) proposed the bill that bank might have shares in payment companies. It will give positive result to economic development in Indonesia. President Director of Bank Mandiri, Budi Gunadi Sadikin said that banking should own shares in other companies, which served payment system.

"Banking can diversify its revenue," Sadikin said recently.

According to him, payment system has several risks, such as settlement risk, sovereignty risk and counterparty risk. With banking shares in payment companies, banking can minimize the risk. Sovereignty risk is the most risk that should be anticipated.

"For example, if Bank Mandiri must transfer foreign exchange to other banks, we should transfer to the US first. If Indonesia have a problem with US, the money cannot be sent back to Indonesia," Sadikin explained.

BI deputy governor, Ronald Waas said that central bank had proposed the inclusion of banking capital to payment companies. BI has issued rules about banking equity participation in payment companies through BI Regulation (PBI) No. 15/11/PBI/2013.

Bank may only have shares in financial companies during this time. According to Waas, the dependence of services outside financial sector is getting higher. This rule will support banking operation.

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