Page 3 - Blue Orange Bold Modern Proposal Cover A4 Document
P. 3
A. Understanding Non-Cash Payment Instruments
Non-cash payment instruments are tools used in
the payment process without using
physical money such as coins and paper, but
rather non-cash money such as checks, demand
deposits, credit cards and electronic money.
According to the Financial Services Authority
(OJK), non-cash payment instruments
or often called cashless can be a solution for
payment systems with small value transactions
which refer to transactions in the form of digital
payments.
In general, types of non-cash payment
instruments can be divided into three, namely
paper, card and electronic. The following is a
complete explanation of examples of non-cash
payment instruments.
