Tamasia Gold Buying and Selling Platform is Now Part of BPRS Attaqwa

The Tamasia gold buying and selling platform is now part of PT Bank Pembayaran Rakyat Syariah Attaqwa or BPRS Attaqwa, after announcing last year that pivot Become a physical gold trader.

In its official statement, BPRS Attaqwa said that the Tamasia product would become Indonesia's Planned Gold Savings. Users are asked to immediately update their application with the latest version.

It was also said that BPRS Attaqwa focuses on innovation through Wadiah Savings, Mudharabah Savings, Mudharabah Deposits, online bank payment points (PPOB), project work model financing, multipurpose and consumptive.

"Being a product part of Bank Syariah Attaqwa is Tamasia's commitment to improve for the better. The aim is so that all Tamasia customers can obtain ease in transactions and comfort with various services and in the future," he wrote.

For information, BPRS Attaqwa is a sharia financial institution that was founded in 1994, registered and supervised by the Financial Services Authority (OJK) and guaranteed by the Deposit Insurance Corporation (LPS).

However, it was not stated further whether this product merger meant that PT. Tamasia Global Sharia, the entity that houses Tamasia, was also acquired or not. DailySocial.id I tried to confirm this with Tamasia CEO Dendy Dwi Putra, but there was no response until this article was published.

Time to announce it pivot

For your information, Tamasia is known as a digital gold buying and selling platform that has been operating since 2017. However, Tamasia was widely complained about by a number of users, and the OJK stated last year that business activities were stoppedn since October 2018.

In early 2023, Tamasia announced a business pivot to become physical gold trader because it does not have permission from BAPPEBTI as a digital gold trader. With this new business model, Tamasia said it will purchase precious metals/tamagold/physical gold online and will send them to customers after the purchase transaction.

Physical digital gold trading business activities are regulated in Minister of Trade Regulation No. 119/2018 concerning General Policy for Physical Digital Gold Market Trading on the Futures Exchange as well as BAPPEBTI Regulation No. 4/2019 as amended by BAPPEBTI Regulation No. 13/2019 concerning Technical Provisions for Organizing the Physical Gold Market Digital on the Futures Exchange.

In this regulation, BAPPEBTI gives approval to physical digital gold traders to carry out business activities as long as they fulfill the relevant requirements, such as capital, gold storage and recording. Based on BAPPEBTI data, currently there are only five registered digital gold traders, including Indogold, Treasury, LakuEmas, Pluang, and Sakumas.