Indonesia

Market Infrastructure

Bank Indonesia Set to Launch Faster Payment System

By Sanday Chongo Kabange | 11/11/2021

‘BI-Fast’ will enable real-time payments 24/7 for retail customers, and will also be used in cross-border payments in future.

Market Infrastructure

China, Indonesia Launches Local Currency Settlement Framework

By Sanday Chongo Kabange | 08/09/2021

Bank Indonesia has also recently expanded its local currency settlement frameworks with Japan, Malaysia and Thailand.

Capital / Liquidity

Bank Indonesia Raises Mandatory MSME Lending Thresholds

By Pongnut Thanaboonchai | 07/09/2021

The mandatory minimum MSME lending requirements will be increased in phases. Lenders that fail to meet the thresholds will face a maximum penalty of IDR 5 billion.

Market Infrastructure

Bank Indonesia Issues Framework for Open Banking

By Sanday Chongo Kabange | 26/08/2021

Under the framework, 16 banks and payment service providers will be required to adopt open API systems by June 2022.

Fintech / Regtech

Thailand, Indonesia Pilot Cross-border QR Payment Link

By Manesh Samtani | 17/08/2021

The full commercial launch will take place in Q1 2022. Indonesia has separately also launched a national open API payment standard.

Securities / Derivatives

Indonesia Launches First Electronic Market for Rupiah Trading

By Ranamita Chakraborty | 11/07/2021

The launch of Refinitiv’s Matching trading system is expected to increase liquidity, efficiency and price transparency.

AML / KYC

Indonesia, Brunei to Cooperate on AML/CTF in Payments

By Editors | 03/07/2021

The MoU aims to strengthen policy cooperation on AML/CTF in payments. Indonesia is seeking to become a member of the FATF.

Crypto / Digital Assets

Bank Indonesia Explores CBDC as Legal Payment Instrument

By Editors | 26/05/2021

The central bank is assessing which platform and technology it will use to issue a digital rupiah as a legal digital payment instrument in Indonesia.

Capital / Liquidity

Indonesia Gives Deposit Insurer Powers to Prevent Bank Failures

By Editors | 19/07/2020

The Indonesia Deposit Insurance Corporation can now raise its own funding and provide temporary liquidity support to banks outside of resolution.