DIGITAL MONEY TRANSACTIONS IN THE BANKING SYSTEM

Abstract

Technological developments in the payment system have replaced the role of cash, which is known to the public as a means of payment in general, to a more effective and efficient form of non-cash payment. The non-cash payment system that is currently quite common in people's daily lives is electronic money. Electronic money is essentially cash without any physical form, the value of which comes from the value of the money that is first deposited with the issuer, then stored electronically in an electronic medium in the form of a server or chip card, which functions as a non-cash payment tool to non-cash traders. the electronic money issuer concerned. Based on the results of a study of the problem, payments using electronic money in carrying out transactions are regulated by Bank Indonesia through Bank Indonesia Regulation Number 18/17/PBI/2016 concerning the Second Amendment to Bank Indonesia Regulation Number 11/12/PBI/2009 concerning Electronic Money (Electronic Money). ). Electronic money offers convenience and practicality to the public, thereby having a changing impact on society in carrying out transactions. Law as a means of social control is needed to provide certainty and protection so that conflicts and imbalances that may arise as a result of changes in society do not disrupt public order and productivity.