The MoU is the first that brings together multiple ASEAN central banks under a single multilateral agreement to enhance cross-border payments.
November 15, 2022The RBI and Bank Indonesia will cooperate in areas such as cross-border payments, digital innovation, and AML/CFT.
July 20, 2022Regulators are calling on market participants to increase the use of IndONIA as an interest rate benchmark in rupiah financial products and instruments.
April 4, 2022BI-Fast launched in December with an initial 21 entities; 21 additional banks and Indonesia's CSD have now also enrolled.
February 8, 2022BI-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'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, 2021The full commercial launch will take place in Q1 2022. Indonesia has separately also launched a national open API payment standard.
August 18, 2021The 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, 2021Short 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, 2020Indonesia’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