DBS BIFAST

The Latest Instant Payment & Collection is Now Available Through all DBS IBG Digital Channels

DBS BIFAST

The Latest Instant Payment & Collection is Now Available Through all DBS IBG Digital Channels

At a glance

BIFAST – Quick, Low-Cost, Easy-to-Use, Secure, and Reliable, specialized for instant payment & collection transaction to other BI-FAST bank account and proxy account number. Participating in BI-FAST, DBS has become one of the 123 participants that are enabled for performing transaction through BI-FAST.

Your business can perform instant transaction in a more Convenient, Secure, Digital and Affordable way.

Features and Benefits

Instant-Low Cost

Low-cost-24/7 instant payment & collection.

Digital Notifications

Notification to customer through API (Instant Credit Notification), e-Advice, e-Alert.

Payment to Proxy and DBS Virtual Account Number

Payment to Proxy; mobile no. and email address (current availability)
Proxy Registration file upload capability for bulk registration.
Incoming BIFAST Payment to DBS Virtual Account.

Available through all Corporate customer digital channels:

DBS IDEAL Web & Mobile

Accessible Quick, Easy & Simple
Enabled for existing IDEAL customer with SKN payment feature & Authorization & only available for Indonesia Resident

DBS RAPID:

Payment API
Beneficiary Account Inquiry API
Proxy Inquiry API

DBS IDEAL Connect:

Straight Through Processing (ISO XML & UFF)
Interoperability to IDEAL (ISO XML & UFF)

FAQs

	What is the maximum transaction amount for DBS BIFAST transaction?
	IDR 250 Mio per transaction.

	What is the cost for DBS BIFAST transaction?
	IDR 2.500 per transaction. *The basic rate for using BIFAST set by Bank Indonesia for transaction-provider banks is IDR 19

	Can DBS BIFAST transfer to other banks in Indonesia?
	BIFAST can transfer to BIFAST-enabled banks as well; in which currently there are more than 70 Indonesian Banks capable of BIFAST transaction.

Get in touch

Make an online enquiry

Call

From overseas: +6221 8082 6902
In Indonesia: 1500380
Operating hours: 8.00 am to 5.00 pm, Mon - Fri (excluding PH)