All posts tagged "BI"
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395AML / KYCIndia, Indonesia to Work Towards Establishing Payment Linkages
The RBI and Bank Indonesia will cooperate in areas such as cross-border payments, digital innovation, and AML/CFT.
July 20, 2022 -
403Asia-PacificIndonesia Designates IndONIA as Overnight Rupiah Benchmark
Regulators are calling on market participants to increase the use of IndONIA as an interest rate benchmark in rupiah financial products and instruments.
April 4, 2022 -
975Asia-Pacific
More Banks Join Indonesia’s New Fast Payments System
BI-Fast launched in December with an initial 21 entities; 21 additional banks and Indonesia's CSD have now also enrolled.
February 8, 2022 -
1.6KAsia-Pacific
Bank Indonesia Launches New Fast Payments System, BI-Fast
BI-Fast lowers the interbank transfer fee, set at IDR 2,500 (USD 0.18) per transaction, down from the usual IDR 6,500 fee for interbank transfers. 21 banks have so far enrolled on BI-Fast.
December 24, 2021 -
278Asia-Pacific
Bank Indonesia Set to Launch Faster Payment System
'BI-Fast' will enable real-time payments 24/7 for retail customers, and will also be used in cross-border payments in future.
November 11, 2021 -
365Asia-Pacific
Thailand, Indonesia Pilot Cross-border QR Payment Link
The full commercial launch will take place in Q1 2022. Indonesia has separately also launched a national open API payment standard.
August 18, 2021 -
314Asia-Pacific
Bank Indonesia Explores CBDC as Legal Payment Instrument
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.
May 27, 2021 -
596Asia-PacificIndonesia Halts Short Selling, Cuts Reserve Requirements
Short selling was halted to stop panic selling after the first two cases of Covid-19 were detected in the country. Separately, the central bank has introduced 5 new policy measures.
March 3, 2020 -
1.3KAsia-Pacific
Indonesia Discontinues JIBOR In Favour of Market-based Indonia
Indonesia’s central bank has announced a new market-based overnight rate to replace its current interbank offer rate to boost reliability of the rates and policy transmission.
August 9, 2018 -
807AML / KYCPhilippines, Indonesia to Cooperate on AML/CFT
The governors of BSP and BI signed an MoU to cooperate on AML and CFT for payment and settlement systems, focusing on policy dialogue, information exchange and capacity building.
August 6, 2018
