Yuliana Tri Wahyuningtyas, NIM : 040811202 and Wasiaturrahma, Dr (2020) Analysis of the Effect of Non-Cash Payments on Cash Distribution in Indonesia, Period 2010-2015. International Journal of Innovation, Creativity and Change, 11 (9). pp. 388-402. ISSN 2201-1315, eISSN: 2201-1323

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Abstract

Bank Indonesia recognises the importance of non-cash payment transactions in the economy. The larger the non-cash payment portion used, the cost to print and circulate new money will decrease as allegedly cash demand will decrease, as the use of non-cash payments in the community increases. Non-cash payment transactions have a positive impact on society and government. In addition to being more secure and convenient, non-cash transactions are also faster so that business turnover can also be faster and eventually the economy will be more efficient. Non-cash transactions are also more transparent and accountable because every transaction will be recorded and tracked. This research aims to determine the effect of non-cash payments which contains nominal value transactions of debit/ATM card, credit card, and e-money on demand of currency cash in Indonesia during 2010-2015. This research used time series data and Error Correction Model (ECM) as an estimation tool. This study result showed that the variable debit/ATM card and credit card have a significant effect on cash in the long term, meanwhile e-money has no significant effect on cash in the long term. In the short term, the estimation result showed that the debit/ATM card has a positive significant effect on currency cash, while credit card and e-money do not have a significant effect on cash.

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