Indonesia

Fintech / Regtech

Bank Indonesia Launches Three New BI-FAST Services

By Editors | 01/01/2025

The new services enable real-time bulk transfers, requests for payment functionality, and direct debit transfers for routine payments.

Crypto / Digital Assets

Cambodia Issues New Regulatory Framework for Crypto

By Manesh Samtani | 30/12/2024

Banks can only have direct exposure to Group 1 cryptoassets. Services offered to customers can include other cryptoassets.

Enforcement

Bank Indonesia Under Investigation by Anti Corruption Agency

By Editors | 23/12/2024

KPK searched several rooms at Bank Indonesia including the governor’s office. A search operation was also conducted at OJK.

Fintech / Regtech

Indonesia Launches NFC-based QRIS Tap Payments Trial

By Editors | 20/12/2024

The trial commenced to test contactless QRIS payments on transportation modes in Jakarta. Full implementation planned for Q1 2025

Crypto / Digital Assets

Bank Indonesia Completes Stage One PoC Testing for CBDC

By Manesh Samtani | 17/12/2024

Bank Indonesia published a report presenting the PoC findings and outlining focus areas for future exploration, including digital securities.

ESG / Sustainability

ASEAN Stock Exchanges to Issue RFI to Develop ESG Data Infrastructure

By Nithya Subramanian | 27/11/2024

The effort aims to enhance ESG data standardisation, attract global investors, and position ASEAN as a hub for sustainable development.

Indonesia’s OJK Launches Roadmap to Strengthen Microfinance Sector

By Nithya Subramanian | 26/11/2024

The five-year roadmap aims to enhance MFIs by focusing on governance, risk management, education, and ecosystem development.

AML / KYC

OJK Announces Soft Launch of Indonesia Anti-Scam Centre

By Mark Johnston | 25/11/2024

The Anti-Scam Centre will improve coordination between FIs and law enforcement agencies, and help protect consumers against fraud and scams.

Indonesia, S. Korea Enhance Financial Supervision Cooperation

By Mark Johnston | 17/11/2024

Indonesia and South Korea have strengthened their cooperation in financial service supervision through a recent bilateral meeting.