Bank Indonesia also launched the "international QRIS", initially connecting to Thailand's payment system, and have a retail CBDC in the works.
August 30, 2022Firms are invited to develop new solutions for issuing and distributing CBDCs, improve interoperability and advance financial inclusion.
April 26, 2022The collaboration will include areas such as cross-border payments, digital payments, and other areas related to settlement and market infrastructure.
February 21, 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, 2021Under the framework, 16 banks and payment service providers will be required to adopt open API systems by June 2022.
August 27, 2021The MoU aims to strengthen policy cooperation on AML/CTF in payments. Indonesia is seeking to become a member of the FATF.
July 3, 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, 2021Bank Indonesia abandoned the practice of quantitative easing in 1999 to ensure fiscal discipline in the aftermath of the Asian financial crisis.
June 22, 2020The measures include a 200bp RRR cut for banks and a 50bp cut for Islamic banks. The central bank may also start buying government bonds in the primary market in two weeks.
April 18, 2020