Foreign incorporated licensed payment service provider must appoint a board proxy (whether a director or senior executive or a committee) outside the Fiji operations, with delegated …

Following the issuance of Bank Indonesia Regulation No. 22/23/PBI/2020 on Payment Systems (“Payment Systems Regulation”) on 30 December 2020 which came into force on 1 July 2021 …

Systemically Payment System Provider, hereinafter referred to as PSPS, means PIP having systemic impacts on Payment System and/or financial system in the event the PIP …

Mar 4, 2022 · Following these changes, the central bank issued BI Regulation No. 23/6/PBI/2021 concerning Payment System Providers (\" BI Reg 23/2021 ‚Äù) as an implementing regulation …

Jul 1, 2021 · On 29 December 2020, Indonesia's central bank, Bank Indonesia, issued regulation No.22/23/PBI/2020. This regulation introduced new requirements with regard to share …

Feb 22, 2023 · Notable proxy addressing real-time payment systems in the region include Singapore’s PayNow, Thailand’s PromptPay and Malaysia’s DuitNow. Indonesia plans to …

Mar 31, 2021 · Proxy address BI-Fast, eg. SG’s phone number/UEN PayNow. Similar to other countries like Singapore and India, payments revolutions in Indonesia started with the idea of …

Jan 17, 2025 · The Indonesia Payment System Blueprint 2025 represents a transformative step toward a fully digitalized economy. As the country continues to modernize its payment …

Jun 27, 2024 · In July 2021, Bank Indonesia enacted two new regulations: Bank Indonesia Regulation No. 23/6/PBI/2021 on Payment System Providers (“ PJP Regulation ”); and Bank …

Oct 14, 2024 · Bank Indonesia (BI) has released the Indonesian Payment System Blueprint (BSPI) on August 2 nd. Building upon the 2025 Blueprint, the 2030 BSPI covers five initiatives; …