Friday, May 18, 2018

Issue Number: 558

New Legal Framework for E-Money

Introduction In recent years, the use of electronic money (“E-Money”) has become increasingly integrated into daily Indonesian life. In fact, many merchants now only accept payments which are made using E-Money, including toll-road gates, private parking services, etc. According to KataData figures, in 2017, E-Money transactions increased by 60% over the 2016 figure, topping a total of IDR 8....
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