JAKARTA. The implementation of chips on debit cards may be pushed back from its originally scheduled deadline of Jan. 1, 2016, as banks are still being burdened with several problems. Bank Central Asia (BCA) retail and commercial director Suwignyo Budiman said it might be difficult for banks to completely replace all of their customers’ debit cards with new ones embedded with chips before the regulator’s deadline expires. “At BCA, we have around 12 million debit cards circulating. We have purchased 4 million new cards, more or less, but may need longer time to completely replace all of them. So we have suggested to the regulator that the deadline for completion be extended,” he said in a telephone interview on Wednesday.
Chip use may not meet deadline
JAKARTA. The implementation of chips on debit cards may be pushed back from its originally scheduled deadline of Jan. 1, 2016, as banks are still being burdened with several problems. Bank Central Asia (BCA) retail and commercial director Suwignyo Budiman said it might be difficult for banks to completely replace all of their customers’ debit cards with new ones embedded with chips before the regulator’s deadline expires. “At BCA, we have around 12 million debit cards circulating. We have purchased 4 million new cards, more or less, but may need longer time to completely replace all of them. So we have suggested to the regulator that the deadline for completion be extended,” he said in a telephone interview on Wednesday.