CREDIT CARD BUSINESS ARE THREATENED BY GOVERNMENT POLICY

Many figures criticized on the policy of government through Peraturan Menteri Keuangan (PMK) Nomor 39/PMK.03/2016  which is assessed to disadvantage banks and consumer. 

Right after the release of government regulation, the increase of credit card closing multiplied up to even three times greater than before. This is almost like the temporal shut down of this bank products. 

In the report release, the central asia bank (BCA) admitted that the consumers are afraid much their identity get reported by the official state, department of taxation. Alluding to the preceding policy of the government, obliging the bank to record the id user, history of transaction, address and kind of transaction using cards including the limit of credit to analyze the potential taxpayer.

The fund and money minister, bambang brodjonegoro said the government policy is to expand the tax payer by analyzing the expenditures of the customers and the income profile enlisted in their tax annual report. 

However, indonesia bank authority ( BI) is still to scrutinize the effectivity of the government of how they attain the target through the identity report of credit card users. Is it significance the entire report for all consumers or only for limited users. 

This policy of government to boost the tax income of the state is basically to threaten the credit card business of the banks. Take in note that the users of credit card spread out widely and the sudden shock of the policy will influence the profit share. 

Minister of fund and monetary nevertheless that the decreasing number of credit card user is just temporary. He still believe that the facility to make easier the shopping needs through credit card than cash money making the priority of this kind of business still significant for the consumers.