The Strength of the Indonesian Card Market's Reaction to the National Payment Gateway's Implementation

Proceedings of International Conference on Economics Business and Government Challenges Pub Date : 2022-09-13 DOI:10.33005/ic-ebgc.v1i1.37

Arianto Muditomo, Yusman Syaukat, Trias Andati, Nur Hasanah

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Abstract

This study aims to examine how the Indonesia’s card market reacted to National Payment Gateway (GPN) implementation. The GPN governs the interconnectivity, interoperability, and integration of the Indonesian payment network. Despite being included in the innovation management stage, the effectiveness of this GPN's implementation was not further evaluated due to its gradual implementation and the COVID-19 pandemic. We use data from the Indonesian card market and macroeconomic indicators from 2013 to 2021and employs a modified ARIMA model. This study is unable to prove empirically that GPN implementation has a significant impact on the growth of the card payment market. The past performance of the card payment market has a statistically significant influence on its future growth. The findings of this study will assist regulators and industry participants in implementing policies and strategies to increase the customer base and effectiveness of Indonesia's card payment business. Keywords: ARIMAX, card payment; GPN; innovation management; time-series analysis.

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印尼卡市场对国家支付网关实施的反应力度

本研究旨在研究印尼卡市场对国家支付网关(GPN)实施的反应。GPN管理印度尼西亚支付网络的互联性、互操作性和集成。尽管被纳入创新管理阶段，但由于其逐步实施和COVID-19大流行，该GPN的实施效果未得到进一步评估。我们使用了2013年至2021年印尼信用卡市场的数据和宏观经济指标，并采用了一个改进的ARIMA模型。本研究无法实证证明GPN的实施对卡支付市场的增长有显著影响。卡支付市场过去的表现对其未来的增长具有统计上显著的影响。这项研究的结果将有助于监管机构和行业参与者实施政策和战略，以增加印尼卡支付业务的客户群和有效性。关键词:ARIMAX;银行卡支付;GPN;创新管理;时间序列分析。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Proceedings of International Conference on Economics Business and Government Challenges

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