On 30 December 2020, Bank Indonesia issued Bank Indonesia Regulation No 23 Year 2020 on Payment Regulation Systems. In this #BILLawFact, we discuss about the updated regulatory framework for the Indonesian payment systems which will now cover online payment systems like e-commerce, e-wallet, payment gateways, credit cards, and other online transactions.
If you need more information on the provisions in PBI 23/2020, you can reach us at: [email protected].