Indonesia Becoming a Credit Card-Friendly Place
News from Jakarta Globe:

Indonesia Becoming a Credit Card-Friendly Place
ID/Grace Dwitiya Amianti& Alex Dungkal | October 29, 2012

Indonesia’s credit card holders booked an 11 percent increase in transaction value in the January-August period from the same period a year ago, thanks to rising income and a change in mind-set about the cards’ utility, an executive at a credit-industry association said last week.

Steve Martha, the secretary general at Indonesian Credit Card Association (AKKI), said the outstanding value of credit card transactions in August was Rp 133.21 trillion ($ 14 billion). That compared to Rp 119.6 trillion in the same period in 2011.

He said there were 15 million registered credit cards in Indonesia at the end of August, rising from 14.16 million a year earlier.

“This number is likely to continue rising, in line with consumers’ increasing awareness of the utility of credit cards,” Steve told Investor Daily on Thursday.

A strong rise in the numbers of credit cards has been noticeable over the past two years. At the end of 2009, there were only 12 million credit cards in circulation, a number that jumped to 13.6 million and 14.6 million at the end of 2010 and 2011, respectively.

He added that Indonesian consumers do not perceive credit cards as…………… continues on Jakarta Globe

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Related News:

Wife admits role in $ 1m credit card scam
News from Sydney Morning Herald:

The wife of a pigeon breeder has today admitted her role in a sophisticated credit card scam her husband had set up involving nearly $ 1 million.

Lisa Catania, 41, of the Gold Coast, pleaded guilty in the County Court to one count of conspiracy to defraud.

The maximum penalty is 15 years’ jail.

Prosecutor Kevin Doyle told the court Catania’s husband, David, had conspired to defraud financial institutions in Queensland and Victoria by operating a scheme between December 2006 and April 2008 involving the use of stolen identities to fraudulently obtain credit cards.

The credit cards were used to withdraw cash and obtain goods and services throughout Victoria, New South Wales and Queensland totalling $ 864,390.

Mr Doyle said David Catania had co-ordinated and organised the fraud and his wife participated in the use of the credit cards for her benefit.

The prosecutor said the couple had used a fraudulently obtained American Express credit card on one trip in March 2007 to a pigeon show in Victoria.

The couple and their four children drove in a Toyota Land Cruiser from Queensland through central NSW to Victoria to attend the pigeon show.

The family spent $ 1882.10 buying clothing, goods, and to pay for petrol.

In August 2007, the family took a Virgin Blue flight from Coolangatta to Melbourne for a seven-day holiday…………… continues on Sydney Morning Herald

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