Among other things, Jakarta One can be used to pay for public transportation and rental fees for low-cost apartments. It can also be used to disburse loans to small and medium enterprises, Ahok said.

With the card, the city administration is able to collect financial data. The data will allegedly help the administration to ascertain eligibility for soft loans from the administration.

“Right now, we find it difficult to distribute loans. With Jakarta One, we can easily distribute the loans,” explained the governor during the launch ceremony event named “Smart Money Smart City Festival” in Central Jakarta.

Jakarta One is an expanded version of JakCard, owned by the city-owned Bank DKI, that had been used to pay rental fees for low-cost apartments, said Ahok, adding that in the future, the card would also function as an electronic identity card ( e-KTP ) and would also retain other card holder data.

Agus Martowardojo called for further expansion of Jakarta One functionality.

He said that by 2020, among other things, the function of Jakarta One would be expanded to enable payments to be made with the card at retail outlets, for electronic parking, electricity, telephone, and for all TransJakarta routes.

With Jakarta One, BI will also boost the electric payment network in Jakarta, said Agus.