Friday, July 14, 2017

Issue Number: 3160

BI Regulates National Payment Gateway

Bank Indonesia (“BI”) has issued Regulation No. 19/8/PBI/2017 on the National Payment Gateway (“Regulation 19/2017”). Regulation 19/2017 aims to create a more efficient, reliable and secure domestic payment system, as well as to facilitate the public need for non-cash transactions through the establishment of the National Payment Gateway (“NPG”)....
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