THE IMPACTS OF APPLYING NATIONAL PAYMENT GATEWAY IN THE INDONESIAN PAYMENT SYSTEM AS THE ECONOMIC DEMOCRACY IMPLEMENTATION

Abstract

The National Payment Gateway (NPG) is developed to make the payment infrastructure more efficient, reliable, and secure for both local and international transactions. This is in line with the state's efforts to implement the constitutional rights of citizens contained in Article 33 of the 1945 Constitution. State efforts in the NPG urged to be done to support the fulfillment of the constitutional rights of citizens in the economic field. Therefore, this study aims to determine the impact of applying NPG in the Indonesian payment system as a form of fulfilling the constitutional rights. This study uses a type of legal normative research in the form of legal behavior products. The results show that the application of NPG could be the basis for processing mass payment transactions through the integration of all payment channels and domestic processing which has not been carried out efficiently. Therefore, the NPG rules and mechanisms are determined for all domestic payment transactions and instruments from domestic issuers, with all the processes carried out locally. This was conducted to broaden people's acceptance of non-cash transactions and a way of making it become an integral part of Bank Indonesia's efforts in facilitating non-cash movements within the country. NPG is also part of the fulfillment of the constitutional rights of the community, in which the community is given the ease and efficiency in making transactions as a form of economic democracy with the principle of togetherness, equitable efficiency, sustainability, by maintaining a balance of progress and national economic unity.