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Booming of Banking Service
In financial service business, We saw that competition came up from 2 directions. The first competition came up from the development that grows rapidly in banking industry especially until the end of 1980s. This rapidly development has triggered the appearance of many services that more competitive than financial services offered by Pos Indonesia. While the second competition came up from the development of information technology especially electronic money transfer technology that should be admitted has already triggered big flow of value migration from post industry to banking industry. We will start from first factor that is the rapidly development in banking business. Banking sector in Indonesia experienced very revolution change in the early 1990's. Soon after deregulation Policy package many people call October 27, 1988 that famous with Pakto 1988 as a starring point of forming banking liberalization sector in Indonesia. Since 1967 Indonesia consistently free foreign financial institution. Before that
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