The demand for electronic payments causes payment service providers to continuously improve their services to meet that need. Understanding this, the Government, in this case through the Central Bank of Indonesia (Bank Indonesia or “BI”), has acted to deal with this situation by issuing suitable regulations. The aim of the regulations is the convenience and security  of providers and users of electronic payment services in their electronic transactions.

What are the Bank Indonesia regulations on electronic payment systems that use Intercountry QRIS and the National Open API Payment Standard?

Dentons HPRP’s lawyers, Fabiola Hutagalung (Partner) and Nikita Priscila (Associate) have prepared an article briefly explaining the situation.

The article can be downloaded here.

For further information related to the services provided, please contact the Partner listed under key contact.